Intro The current price of a non-dividend-paying stock is $60.28 and you expect the stock price to either go up by a factor of 1.105 or down by a factor of 0.924 each period for 2 periods over the next 0.4 years. Each period is 0.2 years long. A European put option on the stock expires in 0.4 years. Its strike price is $60. The risk-free rate is 5% (annual, continuously compounded). Part 1 Attempt 2/4 for 8 pts. What is the current value of the option