Question: Use the binomial tree analysis to value a 6 - month American put option with a $ 6 5 strike price on Crookshanks Corporation. The

Use the binomial tree analysis to value a 6-month American put option with a $65 strike price on Crookshanks Corporation. The shares are currently trading for $60. The annualized continuously compounded risk-free rate is 3%. The volatility of the stock is 57%. You will use the Cox Ross Rubenstein method for computing the binomial tree, and use a time step of 2 months.
 Use the binomial tree analysis to value a 6-month American put

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