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7. Consider the following information: IS&P500 = 1300, r = .063, volatility = 20%* dividend yield on the S&P 500 = 1% Computes u and d in the following way: i. Using the option pricing spreadsheet, compute the binomial price of a European, one-year call option on the S&P 500 with K= 1320 and n=100. What is the price of an American call? Does the price suggest that early exercise is possible? What is the price of an American put? Does the price suggest that early exercise is possible? ii. Using the option pricing spreadsheet, compute the binomial price of a European, one-year call option on the S&P 500 future with K= 1320 and n=100. 7. Consider the following information: IS&P500 = 1300, r = .063, volatility = 20%* dividend yield on the S&P 500 = 1% Computes u and d in the following way: i. Using the option pricing spreadsheet, compute the binomial price of a European, one-year call option on the S&P 500 with K= 1320 and n=100. What is the price of an American call? Does the price suggest that early exercise is possible? What is the price of an American put? Does the price suggest that early exercise is possible? ii. Using the option pricing spreadsheet, compute the binomial price of a European, one-year call option on the S&P 500 future with K= 1320 and n=100