A stock sells for $50 today. Next year there is a 10% chance the stock will sell for $25 and a 90% chance the stock will sell for $75. The one-year risk-free rate is 10%. (a) What is the current price of a European put option on the stock where the option expires in one year and has an exercise or strike price of $50

About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.