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Use the information below to calculate todays European put price. [round to two decimal places] The stocks price S is $52. After three months, it

Use the information below to calculate todays European put price. [round to two decimal places] The stocks price S is $52. After three months, it either goes up and gets multiplied by the factor U = 1.2, or it goes down and gets multiplied by the factor D = 1/U. Options mature after T = 0.5 year and have a strike price of K = $51. The continuously compounded risk-free interest rate r is 2.8 percent per year

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