Question: We are using a two-step binomial tree to price a 6-month European put option with a strike price of $60. The current stock price is.

We are using a two-step binomial tree to price a 6-month European put option with a strike price of $60. The current stock price is. $50, the risk-free rate is 3% for all maturities. AF each step, the price can increase or decrease by 20%. The continuously compounded dividend yield is 3%. What is the option price today? We are using a two-step binomial tree to price a 6-month European put option with a strike price of $60. The current stock price is. $50, the risk-free rate is 3% for all maturities. AF each step, the price can increase or decrease by 20%. The continuously compounded dividend yield is 3%. What is the option price today

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