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QUESTION 28 5 points Save Answer Assume that a stock price is currently at S - $60. It is known that in one year stock

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QUESTION 28 5 points Save Answer Assume that a stock price is currently at S - $60. It is known that in one year stock price will be either $70 or $50. The annual interest rate is rf - 5% Using a one-period binomial tree model, what is the fair price of a European put option with strike prie e X-55 and 1 year to maturity? Please in lude two digits after the decimal point in your

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