Save Homework: Ch 21B HW, Valuing Options, 325 Score: 0 of 2 pts 2 of 6 (1 complete) HW Score: 0%, 0 of 15 pts P21-2 (similar to) Question Help The current price of Estelle Corporation stock is $25.00. In each of the next two years, this stock price will either go up by 18% or go down by 18%. The stock pays no dividends. The one-year risk-free interest rate is 5.7% and will remain constant. Using the Binomial Model, calculate the price of a one-year put option on Estelle stock with a strike price of $25.00 The price of the one-year put option is $. (Round to the nearest cent.) 3 Enter your answer in the answer box and then click Check Answer Clear All All parts showing 23