Buffelhead's stock price is $221 and could halve or double in each six-month period (equivalent to a standard deviation of 97%). Assume that you own an American put option on Buffelhead stock with an exercise price of $221. The interest rate is 20% a year a. Would you ever want to exercise an American put early? Yes No b. Calculate the value of the Buffelhead American put. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of put $ c. Calculate the value of the European put. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of put $ Buffelhead's stock price is $221 and could halve or double in each six-month period (equivalent to a standard deviation of 97%). Assume that you own an American put option on Buffelhead stock with an exercise price of $221. The interest rate is 20% a year a. Would you ever want to exercise an American put early? Yes No b. Calculate the value of the Buffelhead American put. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of put $ c. Calculate the value of the European put. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of put $