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A European PUT option written on one share of Deadwood Lumber Co. stock has the following parameter values: S=$2 8,X=$30,r=5% p.a., =20% p.a., T=9 months.

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A European PUT option written on one share of Deadwood Lumber Co. stock has the following parameter values: S=$2 8,X=$30,r=5% p.a., =20% p.a., T=9 months. Find the premium of this option, rounded to 2 decimals (e.g., 1.15; do NOT include a dollar sign in your answer). NOTE: Use the continuous time version of the Black-Scholes and Put-Call Parity equations (i.e., do NOT use the book's version)

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