Question Completion Status: Use the following information to answer the next three questions Alpha stock sells for $30/share, but you believe the stock could appreciate by 50% or depreciate by 70% over the next six months. 6 month European put options are available on the stock and have a strike price of $27. The annual risk-free rate is 4% Use the binomial approach to find the probability that the stock depreciates over time. Round intermediate steps to four decimals 3998 O 6002 5666 4335 QUESTION 4 Use the binomial approach to find the present value of the put option Round intermediate steps to four decimals and your final answer to two decimals 6.66 7.05 10.60 5.10 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers 9 o BI E