Problem 2 (12 points total) Consider both a 12-month American and a 12-month European put option on a stock with So = $100, K = $90, and o = 0.3. The risk-free rate is 5%, continuously compounded, for the entire 12-month period. (b) (5 points) Compute the price of the American put using the CRR model and a three-step binomial tree. Make sure to show your work and indicate any nodes on your tree where the option is exercised early