LP Corporation is a nondividend-paying stock that is currently priced at $49. An analyst has determined that the annual standard deviation of returns on LP stock is 8% and that the annual risk-free interest rate on a continuously compounded basis is 5.5%. a) Calculate the value of 6-months European call option on LP stock with a strike price of $50 using a two period binominal model. b) What hat is value of 6-months European put option with exercise price of $50, when monthly standard deviation is 2.3094%