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it is kind of urgent, only got 40 minutes left. thanks Question 8 1 pts D. B You are using a two-step binomial tree to

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it is kind of urgent, only got 40 minutes left. thanks

Question 8 1 pts D. B You are using a two-step binomial tree to estimate the price of a put option on MCD. The strike price of the put option is $26. The price of MCD today is $30. The risk-free rate is 0.05. What is the price of the put? u= 2 d = 0.67

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