Question 5 Consider the following 2-period binomial model, in which the annual interest rate is 9% and in which the stock price goes up by 15% per period or down by 10%: Stock price Bond price 66.1250 1.1881 57.50 1.09 50 1.1881 45.00 51.7500 40.5000 1.09 1.1881 (a) Price a European call on the stock with exercise price 60. (b) Price a European put on the stock with exercise price 60