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Q1. Suppose we have 92 year American put option with strike price k=G thd 62 and S(0)=G thl 60 . Suppose we have 2-time steps

image text in transcribed Q1. Suppose we have 92 year American put option with strike price k=G thd 62 and S(0)=G thl 60 . Suppose we have 2-time steps eqch of lyear, in which the stock goes up of down by 30 ?o. Given that the interest rate is 70\%. Calculate the initial value of the option. Q1. Suppose we have 92 year American put option with strike price k=G thd 62 and S(0)=G thl 60 . Suppose we have 2-time steps eqch of lyear, in which the stock goes up of down by 30 ?o. Given that the interest rate is 70\%. Calculate the initial value of the option

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