Future prices of a nondividend paying stock are modeled with a 2-period binomial tree, with each period being one year. You are given: (i) The tree is constructed based on forward prices. (ii) The stock's initial price is 50 . (iii) The continuously compounded risk-free interest rate is 6%. (iv) =0.3. An American put option on the stock with strike price 60 expires in 2 years. Determine the price of the put option. Future prices of a nondividend paying stock are modeled with a 2-period binomial tree, with each period being one year. You are given: (i) The tree is constructed based on forward prices. (ii) The stock's initial price is 50 . (iii) The continuously compounded risk-free interest rate is 6%. (iv) =0.3. An American put option on the stock with strike price 60 expires in 2 years. Determine the price of the put option