Intro The current price of a non-dividend-paying stock is $37.97 and you expect the stock price to either go up by a factor of 1.152 or down by a factor of 0.868 over the next 0.5 years. A European put option on the stock has a strike price of $38 and expires in 0.5 years. The risk-free rate is 4% (annual, continuously compounded). Part 1 Attempt 1/4 for 10 pts. What is the value of the option? 2+ decimals Submit