A stock is currently priced at $38.00. The risk free rate is 4.1% per annum with continuous compounding. Every 10 months, its price will either go up by 12% or down by 19%. Consider a European put with strike $41.00 expiring in 20 months. (a) Using the binomial tree model, compute the price of a European put option at the initial node, the two intermediate nodes, and the three terminal nodes. Top terminal node: Middle terminal node: Lower terminal node: Upper intermediate node: Lower intermediate node: Initial node: (b) Estimate the A of the put at the two intermediate nodes and the initial node using the solutions to part (a) Enter the following solutions to three decimal places. Upper intermediate node: Lower intermediate node: Initial node: 0 A stock is currently priced at $38.00. The risk free rate is 4.1% per annum with continuous compounding. Every 10 months, its price will either go up by 12% or down by 19%. Consider a European put with strike $41.00 expiring in 20 months. (a) Using the binomial tree model, compute the price of a European put option at the initial node, the two intermediate nodes, and the three terminal nodes. Top terminal node: Middle terminal node: Lower terminal node: Upper intermediate node: Lower intermediate node: Initial node: (b) Estimate the A of the put at the two intermediate nodes and the initial node using the solutions to part (a) Enter the following solutions to three decimal places. Upper intermediate node: Lower intermediate node: Initial node: 0