JJs stock is currently trading at $40.5 a share. JJs stock can either increase by a factor of 1.1727 (u=1.1727) or decrease by a factor of 1/u (d=0.85273) over a period of 6 months. There is a 12 month put option on JJs stock with a strike price of $48.1. The 6 month risk free rate is 2.591%. Fill in the tree below to find the price of the put option today. (Do not use continuous compounding)

- 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

what are the risk-neutral probabilities?

p = ____ %

1-p = ____%

		S0= 40.5
		f0 = ____
	Sd = ____		Su = ____
	fd = ____		fu = ____
Sdd = ____		Sud = ____		Suu = ____
fdd = ____		fud = ____		fuu = 0