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On 1 May 2020, Sunup Ltd.s share price is $3.27. The risk-free rate of interest is 1% per month. Sunup Ltd. does not pay dividends

On 1 May 2020, Sunup Ltd.s share price is $3.27. The risk-free rate of interest is 1% per month. Sunup Ltd. does not pay dividends and options on Sunup shares expire at the end of the expiry month. What is the minimum value of the June $3.75 American put option?

$0.349

$0.406

$0.000

$0.480

$0.128

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