IBM stock price follows the following two-step binomial tree. Assume interest rate is zero and the stock does not pay dividend. All options are European options.

Question 16 (1 point)

What is the risk neutral probability for the stock to go up at each node (they are the same at all three nodes)?

Question 16 options:

	0.33
	0.5
	0.67
	0.7

Question 17 (1 point)

What's the value for a put option at node B with a strike price of $117?

Question 17 options:

	$0
	$3
	$6
	$9