Question: Question 13 1 pts The next question is based on the following data for a two-period binomial model. The stock's price S is $100. After

Question 13 1 pts The next question is based on the

Question 13 1 pts The next question is based on the following data for a two-period binomial model. The stock's price S is $100. After three months, it either goes up and gets multiplied by the factor U = 1.14, or it goes down and gets multiplied by the factor D = 1/U. Options mature after T = 0.5 year and have a strike price of K = $96. The continuously compounded risk-free interest rate r is 1.6 percent per year. . Today's price of an American put option is: [round to two decimal places]

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