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thumbs up if correct A stock with an annual dividend yield of 3.50% is priced at $154. Over the next 3-months you dxpect the stock

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A stock with an annual dividend yield of 3.50% is priced at $154. Over the next 3-months you dxpect the stock to either be up 10% or down 10%. The risk-free rate is 1% per annum compounded continuously. Compute the value of a 3-month European put option with a strike price of $155 using the binomial tree approach. Op $ $5.00 $5.00 $8.00

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