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When the current stock price is $20 on a stock that pays a $0.25 quarterly dividend with the next dividend payment 1 month from now and a volatility of 40%; which of the following is the price of an American put option on the stock with a strike price of $20 and a time to expiration of 3 months. The risk-free rate is 7% continuously compounded. The following is the stock price tree. A) $1.29 B) $1.40 C) $1.49 D) None of the above When the current stock price is $20 on a stock that pays a $0.25 quarterly dividend with the next dividend payment 1 month from now and a volatility of 40%; which of the following is the price of an American put option on the stock with a strike price of $20 and a time to expiration of 3 months. The risk-free rate is 7% continuously compounded. The following is the stock price tree. A) $1.29 B) $1.40 C) $1.49 D) None of the above