The current stock price of KLMCO iNC is $ XXXXXXXXXXYou expect the stock price a year from now to be either $128.00 or $92.00 with equal probabilities . The interest rate at which investors can borrow...

The current stock price of KLMCO iNC is $111.00. You expect the stock price a year from now to be either $128.00 or $92.00 with equal probabilities . The interest rate at which investors can borrow is 11%. using the binomial opm, what should be the price of a put option with an exercise price of $120.00 an expiration date one year from now