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Farrah Fowler Pharmacology currently sells for $108. Over the next year, the stock price will increase by 12% or decrease by 12%. The T-bitrate is

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Farrah Fowler Pharmacology currently sells for $108. Over the next year, the stock price will increase by 12% or decrease by 12%. The T-bitrate is 4% Calculate the value of a put option on Farrah-Fowler Pharmacology stock with an exercise price of $108. (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) Castofu

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