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with steps 4) The stock price of Bravo Corporation is currently $175. The stock price a year from now will be either $305 or $130

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4) The stock price of Bravo Corporation is currently $175. The stock price a year from now will be either $305 or $130 with equal probabilities. The interest rate at which investors invest in riskless assets is 6%. Using the binomial OPM, the value of a put option with an exercise price of $215 and an expiration date 1 year from now should be worth today. (Round intermediate calculation to 2 decimal places.)

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