Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

the price of a stock, which pays no dividends, is $30 today. in one year, the stock price will either be $36 or $24. the strike price of a one year european put option on the stock is $27. the risk-free rate is 4% per year with annual compounding. what is the premium of the put option today?