3. Consider a stock currently priced at $40. Assume that in each period of one month and for two periods, the stock could either appreciate or depreciate by 10%. The risk-free rate is 2% per annum. You have the right to shout at time 1. This means you lock in a profit payable at maturity and rewrite the contract at a new exercise price equal to the underlying price at the time of the shouting. What is the value of the shouting? 3. Consider a stock currently priced at $40. Assume that in each period of one month and for two periods, the stock could either appreciate or depreciate by 10%. The risk-free rate is 2% per annum. You have the right to shout at time 1. This means you lock in a profit payable at maturity and rewrite the contract at a new exercise price equal to the underlying price at the time of the shouting. What is the value of the shouting