Show with work

13. For a stock The current price is 100. . The stock pays continuously compounded dividends at a rate of 2 percent. The annual volatility of the stock price is 30 percent. . The continuously compounded, risk-free interest rate is 6 percent. A one-year European put option with strike price 130 is modeled using a four-period binomial tree based on forward prices. Calculate the option premium. (A) 24.65 (B) 26.37 (C) 27.59 (D) 29.08 (E) 30.88