3.An investor holds a long put that gives the right to sell an underlying asset for $49 in one year. The current underlying asset price is $50 and will increase by a factor 1.1. The continuously compounded risk-free interest rate is 5%. What is the option's value if you use the one-period binomial option pricing model? k 4. In problem 3, what is the European-style option's value if you use the two-period binomial option pricing model