(c) up $37.142 up $29.228 down So=$23 $24.300 up down $19.122 $15.899 down The above diagram illustrates the movements of the stock prices. Consider a two-period binomial model in the pricing of a 1-year European options. Suppose the market volatility is 30%, the S is $23.00, strike price is $20.00, r is 7% and 8= 1.5%. Determine the premium for the call and put options. [12]