options:

A. $44.48

B. $62.00

C. $53.49

D. $15.03

The stock price of Bravo Corp. is currently $135. The stock price a year from now will be either $245 or $110 with equal probabilities. The interest rate at which investors invest in riskless assets is 3%. Using the binomial OPM, the value of a put option with an exercise price of $180 and an expiration date 1 year from now should be worth today