You are attempting to value a put option with an exercise price of $109 and one year to expiration. The underlying stock is currently seling for $109. Over the next year, the stock price will increase by 10% or decrease by 10%. The T-bill rate is 7. Calculate the put option's value using the two state stock price model. (Do not round intermediate calculations. Round your final answer to 2 decimal places) Patton's