You are thinking of buying a European put option on MQC share. The current price of one MQC share is $30, and over the next month the share price will either increase to $35.66 (if there is a positive market response to MQC share) or decrease to $28.77 (if there is a negative market response to MQC share). The European put option will expire at the end of one month. The strike price is $29.5. The share will not pay any dividends during the next month. You can borrow money today for one month at the rate of 12 = 9% p.a. d) The contingent payments method will give the same option value as the arbitrage-free pricing method, as long as the appropriate value is used for p (the probability of an upward price movement). Find the appropriate value of p in this case. (Round your answer to five decimal places.) O a. 0.21118 b. 0.78882 O c. 0.67329463 O d. 0.32670537 Clear my choice