The stock price of Bravo Corp. is currently $105. The stock price a year from now will be either $175 or $70 with equal probabilities. The interest rate at which investors invest in riskless assets is 6%. Using the binomial OPM, the value of a put option with an exercise price of $150 and an expiration date 1 year from now should be worth __________ today.

PLEASE SHOW ALL STEPS, THANK YOU!

A.)	$44.24
B.)	$43.00
C.)	$45.67
D.)	$45.06