The current price of a stock is $40. The stock pays dividends at a continuously compounded rate of 1%. The volatility of the stock is 30%. The continuously compounded risk-free interest rate is 3%. An Asian geometric average strike put option on the stock expires in 1 year. Using a standard two-period binomial model, calculate the price of the Asian option. For this problem please assume in the binomial model that: U = elr-8)htova d = e(r-oh-ovh And round your answer to the nearest $0.10. $2.00 $2.30 $2.50 $1.90 $2.70