ABC stock is selling for $30 today and the stock price is expected to move up to $40.00 (probability 65%) or down to $22.50 (probability-35%) in a year. A one-year put option has an exercise price of $30 and the risk-free rate is 8%. what is the current value of the put option? Hint: no need to calculate probabilities ?u and ?d, just use the given probabilities. Use discreet compounding. 1) $2.00 2) $2.11 3) $2.27 4) $2.34 5) $2.43