A non-dividend paying stock is trading at $60, and is expected to be either up by 20% or down by 15% in 6 months. The annual risk free rate is 9% with continuous compounding. Find the value of a call option on the stock with a 6 month time to expiry and an exercise price of $55 using: a) The Binomial Tree (Riskless Hedge) approach b) The Risk Neutral approach c) Suppose the market price of a 6 month put with an exercise price of $55 is $2. Describe in detail an arbitrage opportunity as a result of the mispricing of the put