2. A stock price is currently 3330 and interest rate 8% per annum with continuous compounding. According to last year's data, the annualized volatility for the stock is computed as 12%. Use the two-period binomial model to nd (a) the value of a six-month European put with a strike price of $32. (b) the value of a six-month American put with a strike price of $32. Use "trial and error" to determine the strike price for the American option such that it is optimal to be exercised immediately