Consider a Stock Index Currently Trading at 128 $u = 1.08$

Consider a stock index currently trading at 128.You have modeled the evolution of this index in a binomial tree and have come up with the following parameters: $u = 1.08$ , $d = 0.93$ .The gross risk-free rate per step of the binomial tree is $R = 1.03$ and the dividend yield on the index is $\delta = 0.01$ .What is the price of a one-period put option with a strike of $K = 130$ ?

A) 7.93
B) 7.09
C) 7.02
D) 6.36