**Solve Using Excel**

Find the price of a European put option by calculating the risk neutral probability p, finding the expected payoff of the option using p, and then discounting the expected payoff using the risk- free rate. You do not need to build a tree to do this in Excel just do the calculations in Excel. Use the following data and formula: f = [pfu + (1 - p)fde TT K So Su Sd Put $28.00 $30.00 $33.00 $27.00 2.00% rf T (years) 0.25