2. You are in the Republic of Ireland. Price a one ycar American put option on GBP1.00 with strike EUR 1.06. The EUR/GBP exchange ratc's volatility is 25%. Interest rates in the Eurozone are 0.1%, while in Britain, they current exchange rate is GBP1 are 0.7% (both with continuous compounding). The EUR1.11. Use a two step tree, with six month time steps 2. You are in the Republic of Ireland. Price a one ycar American put option on GBP1.00 with strike EUR 1.06. The EUR/GBP exchange ratc's volatility is 25%. Interest rates in the Eurozone are 0.1%, while in Britain, they current exchange rate is GBP1 are 0.7% (both with continuous compounding). The EUR1.11. Use a two step tree, with six month time steps