MNO stock trades for $16/share today, but you believe the stock could fluctuate by 40% in either direction during each six-month period One year American put options on the stock have an exercise price of $15 and the annual risk-free rate is 12% Find the probability that the stock Increases each period Round intermediate steps to four decimals 4272 5728 4227 5773 QUESTION 11 Find the present value of the option mentioned above Round intermediate steps to four decimals and your final answer to two decimals e 52.14 $2.83 $2.49 $236