Consider a two-period binomial market (N=2), with a safe asset with return r=5% and a risky asset S with initial value S_0=1000 Dollars, and up-tick factor u=1.1 and down-tick factor d=0.9. Consider an American Put with strike K=925 Dollars. Please tick the correct statement:

• A. The price is between 5 and 10 Dollars. There's early exercise at t=1, if the stock ticks up.
• B. The price is between 10 and 15 Dollars. There's early exercise at t=1, if the stock ticks down.
• C. The price is between 5 and 10 Dollars. It is not optimal to exercise early, and therefore this American Option is equivalent to a European Option of the same strike and maturity.
• D. The price is between 10 and 15 Dollars. It is not optimal to exercise early, and therefore this American Option is equivalent to a European Option of the same strike and maturity.