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Given the maturity of an American put option 2 years, riskfree rate 10%, volatility of the stock 40%, current spot price of stock $50, strike

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Given the maturity of an American put option 2 years, riskfree rate 10%, volatility of the stock 40%, current spot price of stock $50, strike price $50, what is the terminal payoff of the option when the stock price is 18.769 in a 3-step binomial tree? A. 0 B. 13.931 C. 10.204 D. 31.231

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