A stock is currently priced at $37 and will move up by a factor of 1.4 or down by a factor of.55 each period over each of the next two periods. The risk-free rate of interest is 3 percent. What is the value of a put option with a strike price of $51? BIG BULLDOG HINT. Use the two-period binomial model to calculate the price of a CALL option, then use Put-Call Parity to calculate the price of the put. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of a put option A stock is currently priced at $37 and will move up by a factor of 1.4 or down by a factor of.55 each period over each of the next two periods. The risk-free rate of interest is 3 percent. What is the value of a put option with a strike price of $51? BIG BULLDOG HINT. Use the two-period binomial model to calculate the price of a CALL option, then use Put-Call Parity to calculate the price of the put. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of a put option