The current stock price of Johnson & Johnson $($J&J$)$ is $$56,$ and the stock does not pay dividends. The instantaneous risk$-$free rate of return is $6\%.$ The instantaneous standard deviation of J&J$\text{'}$s stock is $25\%.$ You want to purchase a put option on this stock with an exercise price of $$50$ and an expiration date $70$ days from now. Assume $365$ days in a year

Using Black$-$Scholes, the put option should be worth $\_\_\_\_\_\_\_\_\_\_$ today.

Multiple Choice

$$0\mathrm{.}36$

$$6\mathrm{.}94$

$$6\mathrm{.}58$

$$0\mathrm{.}29$