QST FE449 C1&D1 Corp Fin Mngmt Awabin Araf 02/22/22 9:48 AM = Homework: Homework 4 Question 2, P21-2 (similar to) > HW Score: 0%, 0 of 9 points O Points: 0 of 1 Save The current price of Estelle Corporation stock is $26.00. In each of the next two years, this stock price will either go up by 21% or go down by 21%. The stock pays no dividends. The one-year risk-free interest rate is 5.4% and will remain constant. Using the Binomial Model, calculate the price of a one-year put option on Estelle stock with a strike price of $26.00. The price of the one-year put option is $ (Round to the nearest cent.)