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17 Price a put option with a one-step binomial tree. Suppose So 50, X-40, 11.06. The u factor is 14 and the d factor is

Price a put option with a one-step binomial tree. Suppose So 50, X-40, 11.06. The u factor is 14 and the d factor is 0.6. Show the steps. BIVAN EE A. FREE FR 15 IV A W A 2 # 3 4 % 5 & 7 6 8 9 Q W E R T 11 c

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