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IMHO is trading at $300.38 with an annual volatility of 20%. The cc interest rate is 2.750% and the cc dividend rate is 0.250%. a)

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IMHO is trading at $300.38 with an annual volatility of 20%. The cc interest rate is 2.750% and the cc dividend rate is 0.250%. a) Construct a 4 step binomial tree and use it to price an American style call option with a strike price of K = $285.00 expiring in 5 months. Highlight all nodes (if any) where early exercise would occur. b) Construct a 4 step binomial tree and use it to price a European style binary option with a strike price of K = $285.00 expiring in 5 months. (The binary pays $1 if the stock price is > K, $0 if the stock price is K, $0 if the stock price is

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