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D B You are using a two-step binomial tree to estimate the price of a put option on MCD. The strike price of the put

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D B You are using a two-step binomial tree to estimate the price of a put option on MCD. The strike price of the put option is $21. The price of MCD today is $26. The risk-free rate is 5%. What is the price of the put? Round your solution to the nearest three decimals if needed (e. 2.312). Please do not type the $ symbol u=3 d0.53 D B You are using a two-step binomial tree to estimate the price of a put option on MCD. The strike price of the put option is $21. The price of MCD today is $26. The risk-free rate is 5%. What is the price of the put? Round your solution to the nearest three decimals if needed (e. 2.312). Please do not type the $ symbol u=3 d0.53

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