Use the Black-Scholes option pricing model to price the following European put option.
Stock price	$ 71.50
Exercise price	$ 70.00
Risk free rate	3.50%
Dividend yield	3.00%
Time to expiration (in months)	3
Std dev of stock return	14.00%

a. Compute d1 (report answer to 4 decimal places but do not round in calculations)
b. Compute d2 (report answer to 4 decimal places but do not round in calculations)
c. What is the value of the put option? (Hint: Use Excel function normsdist to compute Nd's)