Intro The current price of a non-dividend-paying stock is $67.99 and you expect the stock price to either go up by a factor of 1.467 or down by a factor of 0.724 each period for 2 periods over the next 1 years. Each period is 0.5 years long. A European put option on the stock has a strike price of $68 and expires in 1 years. The risk-free rate is 6% (annual, continuously compounded). Part 1 Attempt 1/5 for 10 pts. What is the option payoff in 1 years if the stock price has gone down twice in a row? 1+ decimals Submit Part 2 Attempt 1/5 for 10 pts. What is the value of the option in 0.5 years if the stock price has gone down once? 1+ decimals Submit Part 3 Attempt 1/5 for 10 pts. What is the value of the option in 0.5 years if the stock price has gone up once? 0+ decimals Submit Attempt 1/5 for 10 pts. Part 4 What is the current value of the option? 1+ decimals Submit