uestion 12 (10 points) A stock is selling for $20 and the 3-month put option on the stock has exercise price of $20. The continuous risk free rate is 6.4% and the variance of stock returns is 16%. What is the value of the put option? 1) $1.219 2) $1.381 3) $1.427 4) $1.595 5) $1.664 xt Page