The risk free rate is $5\%$ per period and a$($non$-$income paying$)$ security has a current price of $$300$ in one period the price will either rise to $$360$ or fall to $$240.$ A one period European put option exisits with a strike price of $ $325.$ A second one period European put option exists with a strike price of $ $315.$ Which put would you expect to have a greater price. $($I want working$)$