A Stock is at $100. Risk free rate is at 5%. Price a 1-year at-the-money American put option on the stock using the 2-step tree below. What is the price? 180 160 100 100 80 70 Time (Yrs) 0 0.5 1 $100 $16.46 $14.75 $6.02 A Stock is at $100. Risk free rate is at 5%. Price a 1-year at-the-money American put option on the stock using the 2-step tree below. What is the price? 180 160 100 100 80 70 Time (Yrs) 0 0.5 1 $100 $16.46 $14.75 $6.02