Consider a 6-month dollar-denominated American put option on British pounds. You are given that: The current exchange rate is 1.43 US dollars per pound. The strike price of the put is 1.56 US dollars per pound. The volatility of the exchange rate is a = 0.3. The US dollar continuously compounded risk-free interest rate is 8percent. The British pound continuously compounded risk-free interest rate is 8percent Using a two-period binomial model, calculate the price of the put