37 A futures price is currently 40 cents. It is expected to move up to 44 cents or down to 34 cents in the next six months. The risk- free interest rate is 6%. What is the value of a six-month put option with a strike price of 37 cents? Not yet Marked Flag Select one: O a. 3.00 cents O b. 2.91 cents c. 1.16 cents Od 1.20 cents