A 3-month put option on a stock is modeled as a binomial tree. You are given: (i) The stock price is 75 (ii) The strike price is 80 (iii) r=0.08 (iv) =0.02 (v) =0.3 Determine the premium of the put option. Select one: A. 4.688 B. 5.355 C. 3.455 D. 7.623 E. 6.907