For a three-period binomial tree model for a nondividend-paying stock, you are given: (i) The period of the tree is 1 year. (ii) The current stock price is 80. (iii) u = 1.1 and d= 0.8 The continuously compounded risk-free interest rate is 0.05. Consider a special 3-year American put option that gives a payoff of (8.8 - 50.5)+ at the time of exercising. Calculate the price of the put option. For a three-period binomial tree model for a nondividend-paying stock, you are given: (i) The period of the tree is 1 year. (ii) The current stock price is 80. (iii) u = 1.1 and d= 0.8 The continuously compounded risk-free interest rate is 0.05. Consider a special 3-year American put option that gives a payoff of (8.8 - 50.5)+ at the time of exercising. Calculate the price of the put option