10.1 A stock with a current market value equal to $50 has a standard deviation of returns equal to.60 and trades in a market with a riskless return rate of .08. Under the binomial framework, what would be the value of nine-month (.75 year) European calls and European puts with striking prices equal to $80 if the number of tree steps were: a. 2 b. 3 c. 8 value of and European puts with str