Assume the following data on a 6-month put option, using 3-month intervals as the time period. K = $40.00, S = $37.90, r = 5.0%, = .35. What is the binomial option price?

A)

$ 2.10

B)

$ 2.86

C)

$ 3.91

D)

$ 4.25

Answer:

C

Business

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