JJ's stock is currently trading at $24.5 a share. JJ's stock can either increase by a factor of 1.14072 (u=1.14072) or decrease by a factor of 1/u(d=0.87664) over a period of 6 months. There is a 12 month put option on JJ's stock with a strike price of $29.2. The 6 month risk free rate is 3.562%. Fill in the tree below to find the price of the put option today. - f is the put price at each point on the tree. - Port is the value of the risk-free portfolio on the tree - S is the stock price - u and d stand for up and down respectively - Do not use continuous compounding - Do not round intermediate calculations - Hint - A negative delta means the investor takes a short position in the JJ. - A negative portfolio means the investor borrows money, i.e. sell bonds