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Consider a 2-year European put with a strike price of $52 on a stock whose current stock price is $50. Suppose that there are two

Consider a 2-year European put with a strike price of $52 on a stock whose current stock price is $50. Suppose that there are two time steps, and in each time step the stock price either moves up by 30% or moves down by 30%. Also suppose that risk-free rate is 7% per annum with continuous compounding. What is the value of the European put option?

A. 5.10

B. 6.10

C. 7.10

D. 4.10

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