Q31. Please show excel formula.

Problem 31 1 You have until 7:20 PM to complete this assignment. Intro The current price of a non-dividend-paying stock is $74.48 and you expect the stock price to either go up by a factor of 1.155 or down by a factor of 0.883 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 $74. The risk-free rate is 5% (annual, continuously compounded). - Attempt 1/2 for 10 pts. Part 1 What is the current value of the option? 2+ decimals Submit