Calculate the price of a put option on a non dividend paying stock using a three-time-step binomial tree model. We know that the current stock price is $50, the strike price is 552. The volatility of the stock is 20%, and the option will expire in 12 months. The annual elective risk-free rate is 5%, continuous compounding. How much does this pot option worth today it is American? What should be the price of the European call option on the same stock with the same expiration date and the same strike price, according to the Put Call Party (15 points) Calculate the price of a put option on a non dividend paying stock using a three-time-step binomial tree model. We know that the current stock price is $50, the strike price is 552. The volatility of the stock is 20%, and the option will expire in 12 months. The annual elective risk-free rate is 5%, continuous compounding. How much does this pot option worth today it is American? What should be the price of the European call option on the same stock with the same expiration date and the same strike price, according to the Put Call Party (15 points)