1) Price a European Call & Put and an American Put on a stock that is currently selling at $25 and has a volatility of 25%. The options all have a life of 6 months and a strike price of $26. The 6-month risk free rate is 3% per annum with continuous compounding for all horizons up to 6 months. a. Use a 6-step binomial tree to price all 3 options 1) Price a European Call & Put and an American Put on a stock that is currently selling at $25 and has a volatility of 25%. The options all have a life of 6 months and a strike price of $26. The 6-month risk free rate is 3% per annum with continuous compounding for all horizons up to 6 months. a. Use a 6-step binomial tree to price all 3 options