Problem 2. Let SD = $100, K = $95, 7' = 0.06, or = 0.28, 6 = 0, T = 4. Pricing is to be done using a four-period binomial approximation (2 e. n = 4 periods). A chooser option is an exotic option that lets you choose after a certain period whether the option will be a European call or a European put. Suppose that the time at which you must choose the type of option you want is equal to T/ 2. Note that K is the strike price that will apply to the call or put depending on What is chosen. What is the price of the chooser option