Consider the following three-period binomial tree model for a stock that pays dividends continuously at a rate proportional to its price. The length of each period is 1 year, the continuously compounded risk-free interest rate is 10%, and the continuous dividend yield on the stock is 6.5%. 585.9375 468.75 375 328.125 300 262.5 183.75 210 147 102.9 Calculate the price of a 3-year at-the- money American put option on the stock. 15.86 B 27.40 C 32.60 D 39.73 E 57.49