The stocks price S is $100 After three months, it either goes up and gets multiplied with the up factor U = 1.163287, or it goes down and gets multiplied with the down factor D = 0.861785 Options mature after T = 0.5 years Options have a strike price of K = $110 A dollar invested in the money market account grows to $1.012578 after three months (corresponding to an annual compounded interest rate of 5%) (b) Find the price of a put option.