Question 31 2.5 pts You are interested in purchasing a European put on a hot new stock, Up, Inc. The put has a strike price of $90 and expires in 80 days. The current price of Up stock is $110.00, and the stock has a standard deviation of 30% per year. The risk-free interest rate is 5.00% per year. Up stock pays no dividends. Use a 365-day year and the appropriate model to compute the price of the put option. $0.40 $140 O $1.20 $0.70