Part 1: Write Answer Questions (10 questions, total 100 points) 1. The current price of the stock of Mont Tremblant Air is C$150. During each six-month period it will either rise by 11.11% or fall by 10% (equivalent to an annual standard deviation of 14.9%). The interest rate is 5.2% per six-month period. a. Calculate the value of a one-year European put option on Mont Tremblant's stock with an exercise price of C$160. b. Recalculate the value of the Mont Tremblant put option, assuming that it is an American option