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: The stock price 6 months from the expiration of a European option is $87, the exercise price of the option is $99, the dividend

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: The stock price 6 months from the expiration of a European option is $87, the exercise price of the option is $99, the dividend yield is 8% per annum, the risk-free interest rate is 7% per annum, and the volatility is 33% per annum. Use the Black-Scholes-Merton formula to find the price of this put option. A) 18.66 (B) 19.66 (C) 15.66 (D) 17.66 (E) 16.66

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