What Is the Put Option Premium Given the Following Information

Multiple Choice

What is the put option premium given the following information?
$\begin{array}{lr}\text { Time (years) } & .25 \\\text { Strike price } & \$ 40.00 \\\text { Stock price } & \$ 37.00 \\\text { Risk-free rate } & 2.00\% \\\text { Volatility } & 30\%\end{array}$

A) $1.58
B) $2.01
C) $2.59
D) $3.96
E) $4.15