Question: S(0) = 77, K = 75, U = 0.05, D = -0.03, R = 0.01 using a binomial model with N = 13 time steps.

S(0) = 77, K = 75, U = 0.05, D = -0.03, R = 0.01 using a binomial model with N = 13 time steps. (a) Price a European put option. (b) Price an American put option. Compare the price to the European put option. (c) Price a European call option. (d) Price an American call option. Compare the price to the European call option

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