Let S=100,K=95,r=8% (continuously compounded), =0.30,=0,T=1, and n=3. Assume we use the forward tree specification. 1. Verify that the binomial option price for an American call option is 18.283 . Verify that there is never early exercise; hence, a European call would have the same price. 2. Show that the binomial option price for a European put option is $5.979. Verify that put-call parity is satisfied. 3. Verify that the price of an American put is $6.678