When the non-dividend paying stock price is $40, the strike price is $40, the risk-free rate is 5%, the volatility is 25% and the time to maturity is 3 months which of the following is the price of a European put option on the stock

Group of answer choices

40N(0.16) - 39.50N(0.04)

0N(-0.16) - 39.50N(-.04)

39.50N(-.04) - 40N(-0.16)

39.50N(0.16) - 40N(-0.16)

40N(0.16) - 40N(0.04)