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Price the following option: Option type -European futures put option Time to expiration-6 months Strike price-$20 Current futures price-$19 Volatility of futures-20% Risk-free rate-12% Pricing

Price the following option:

Option type -European futures put option

Time to expiration-6 months

Strike price-$20

Current futures price-$19

Volatility of futures-20%

Risk-free rate-12%

Pricing model-500-step binomial model

a,0.63

b.0.68

c.1.57

d.1.62

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