34. Suppose you have the following: S= stock price 50 r= risk free rate 4% T= maturity 5 t= time to expiration = vol 25% q= div yield 0 Conv Ratio 15 Credit Spread 4% Coupon 20 What is the up step, down step, probability of the stock increasing at the next node (p), and probability of the stock decreasing at the next step (1-p) (hint: p = (e^(r*t)-d)/(u-d)): A. 1.28; 0.77; 0.51; 0.48 B. 0.77; 1.28; 0.48; 0.51. C. 1.34; 0.74; 0.49; 0.51 D. 0.74; 1.34; 0.50, 0.49.

(step by step plz)