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The stock price of Bravo Corp. is currently $135. The stock price a year from now will be either $215 or $80 with equal probabilities.

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The stock price of Bravo Corp. is currently $135. The stock price a year from now will be either $215 or $80 with equal probabilities. The risk free rate is 3%/year. Using the binomial option pricing model, the value of a put option with an exercise price of $170 and an expiration date 1 year from now should be worth today. Choose the closest value from below: 43.28 $49.18 52.37 $34.33

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