Consider a binomial tree with u = 1.05 and d = 0.90. Suppose the per-period interest rate is R=1.02, and the initial stock price is $100. The value of an American put option on the stock with a maturity of two periods and a strike price of $95 is: $1.06 $2.25 $0.69 $3.54 Consider a binomial tree with u = 1.05 and d = 0.90. Suppose the per-period interest rate is R=1.02, and the initial stock price is $100. The value of an American put option on the stock with a maturity of two periods and a strike price of $95 is: $1.06 $2.25 $0.69 $3.54