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A stock is priced at $300 today, and will either be worth $375 or $225 one year from today. The risk-free rate is 3%/year. What

A stock is priced at $300 today, and will either be worth $375 or $225 one year from today. The risk-free rate is 3%/year. What is the price of a one-year put option with a strike price of $350?

A. $53.40

B. $2.25

C. $18.46

D. $29.96

E. $9.87

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