Question: Using MC or Black-Scholes options pricing value a put option on the following stock. The stock is trading at $1,000. The put has exactly 6-months

Using MC or Black-Scholes options pricing value a put option on the following stock.

The stock is trading at $1,000.

The put has exactly 6-months until expiration.

The option strike price is $1,050.

The risk-free rate is 3%.

The stock pays no dividends.

Our best estimate of the stock's volatility is 40% annualized.

The put option's fair price is ______.

Group of answer choices

$47.47

$59.05

$87.02

$132.39

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