FINA 6276 1. An asset follows a binomial model every six months (length 01 each period). The current price is 60. the US risk-free rate is 1% and the volatility of the asset is 30% per annum. What is the early exercise privilege premium of a one-year American lookback on the maximum option? FINA 6276 1. An asset follows a binomial model every six months (length of each period). The current price is 60. the US risk-free rate is 1% and the volatility of the asset is 30% per annum. What is the early exercise privilege premium of a one-year American lookback on the maximum option