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The current stock price is $200. The stock pays a dividend of $10 every quarter. The risk-free rate is 8%. Over each of the next

The current stock price is $200. The stock pays a dividend of $10 every quarter. The risk-free rate is 8%. Over each of the next three-month periods the stock could go up by 10% (u=1.1) or down by 10% (d=.90). The option expires in six months after the second dividend is paid. The price chart is given below.

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What is the price of an European Style Put with a strike of $210? (Round to 2 decimal places)

231 10 221 220 10 210 139 10 179 200 180 10 170 187 10 177 153 10 143

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