Assume the spot price of class B shares in the Electrolux Corporation is currently 60 SEK per share. The price of these shares is expected to either move up by 4,2 % or move down by 4,2 % each month. If the risk-free rate of interest in the economy is 4,35 % per annum, us a three-step binominal tree model to calculate the current value of a short position in an American put option written on these shares with a strike price of 67 SEK. Assume that the option was sold earlier in the year and has a remaining maturity period of three months. If the option is written on 300 shares of stock, what can the position be sold for today?