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A down-and-out put has barrier $20 and strike $30. The put expires after four time steps when the underlying is expected to have values $50,
A down-and-out put has barrier $20 and strike $30. The put expires after four time steps when the underlying is expected to have values $50, $40, $28, $22 or $18. What are the possible values of the put at expiry?
Group of answer choices
$0, $10 ot $20.
$0, $2 or $8
$0 or $12.
$0, $2, $8 or $12.
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