Exhibit 14-1 THE FOLLOWING INFORMATION IS FOR THE NEXT PROBLEM(S)

Exhibit 14-1
THE FOLLOWING INFORMATION IS FOR THE NEXT PROBLEM(S)
A stock currently trades for $130 per share. Options on the stock are available with a strike price of $125. The options expire in 10 days. The risk free rate is 3% over this time period, and the expected volatility is 0.35.
-Refer to Exhibit 14-1. Calculate the price of the put option.

A) $1.086
B) $0.862
C) $6.234
D) $0.623
E) $2.317