Problem 31 You have until 11:36 PM to complete this assignment. Intro The current price of a non-dividend-paying stock is $62.18 and you expect the stock price to either go up by a factor of 1.266 or down by a factor of 0.809 each period for 2 periods over the next 0.4 years. Each period is 0.2 years long. A European put option on the stock expires in 0.4 years. Its strike price is $62. The risk-free rate is 6% (annual, continuously compounded). - Attempt 1/2 for 10 pts. Part 1 What is the current value of the option? H+ decimals Submit