1Exhbit: Consider a stock with a current price(St)of $125 and a constant annualized return Volatility of 20%. The stock does not pay dividends. A risk-free zero coupon bond with $1 bvalues at six-value month maturity is worth $0.94 today( Use continuous compounding )Based on the binomial tree the first delta od an European put option on the stock with a maturity of one year and a strike price of $130 is A .0.345 B.-0.123 C.0.123 D.-0.345