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Let S = $55, K = $60, r = 5% (continuously compounded), T = 1, and d = 0. Let u = 1.1, d = 0.9, and n = 1. What are D and B for a European put?

Selected Answer:	c. D = 0.7140; B = 44.3863
Answers:	a. D = 0.8915; B = 59.7127
	b. D = 0.6796; B = 42.9031
	c. D = 0.7140; B = 44.3863
	d. D = 0.9545; B = 54.9335
	e. D = 1.2724; B = 71.1938