29.The current price of a non-dividend-paying stock is $30.There is one period(3 months) left in an American put option on the stock with a strike price of $32 that expires in 6 months with u=1.1.d=0.9.p=0.6010.fu=0.fud=2.3and fdd=7.7.The risk-free rate is 8%.What will the option be worth?(round the answer two digits after the decimal