You are interested in buying a European put option on a stock, XYZ Inc. which has been on hype recently. XYZ pays no dividends. The information on the put option is as follows: Strike price: $95 Days to expiration: 89 days Current stock price: $119.75 Annual volatility: 40% Risk-free interest rate: 6.33% Use the appropriate model to compute the price of the put option. $1.52 O $2.02 O $1.06 O $0.94