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Buffelhead's stock price is $ 2 2 8 and could halve or double in each six - month period. Assume that you own a one

Buffelhead's stock price is $228 and could halve or double in each six-month period. Assume that you own a one-year American put option on Buffelhead stock with an exercise price of $228. The interest rate is 21% a year.
A. Would you ever want to exercise an American put early?
B. Calculate the value of the Buffelhead American put.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
C. Calculate the value of the put if it had been European-style.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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