Problem 21-53 You are attempting to value a put option with an exercise price of $190 and one year to expiration. The underlying stock pays no dividends, its current price is $190, and you believe it has a 50% chance of increasing to $250 and a 50% chance of decreasing to $100. The risk-free rate of interest is 15%. a. What will be the payoff to the put. P. if the stock goes up? Answer is complete and correct. s Payoff b. What will be the payoff. Pd. if the stock price falls? Answer is complete and correct. s Payoff 90 c. What is the weighted average value of the pay off? (Do not round Intermediate calculations. Round your answer to 3 decimal places.) Answer is complete but not entirely correct. Discounting weighted 30.000 average