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You have calculated d1 to be -.6214. Given this, along with a dividend yield of 3%, 130 days left until maturity, and current stock price

You have calculated d1 to be -.6214. Given this, along with a dividend yield of 3%, 130 days left until maturity, and current stock price of $56, complete the following sentence. If the stock price increases by $2, the price of the put will _______?

a. Decrease by $.27

b. Increase by $.73

c. Decrease by $1.45

d. Increase by .$53

Show your work.

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