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Stock Y is currently selling for $35. You believe that one year from now, Stock Y will sell for either $55 (up-state) or $20 (down-state).

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Stock Y is currently selling for $35. You believe that one year from now, Stock Y will sell for either $55 (up-state) or $20 (down-state). The yield on a 1-year risk-free zero coupon bond is currently 2.5%. You have a European put option with a 1- year expiration date and an exercise price of $45. What is the current price of this put option

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