A one-step binomial tree is constructed to value a 6-month option on an index which is currently worth 100 and has a volatility of 30%. The index provides a dividend yield of 2%. Another one-step binomial tree is constructed to value a 6-month option on a non-dividend-paying stock which is currently worth 100 and has a volatility of 30%. Which of the following is (are) TRUE? The parameters u is the same for both trees The parameter p is higher for the first tree than for the second tree Both A and B above Neither A nor B above