Q4: TFS pays no dividends, and is trading at $103.00 with a volatility of 35.00%. The risk free rate is 10.00%. Construct a one step binomial tree (using the method u = e(r8)T+oVT etc.) to price an American style put option expiring in 12 months. Which of the following strike prices is the smallest one at which the put would be exercised early (at time t = 0)? = A) $128.00 B) $129.00 C) $133.00 D) $124.00 E) $130.00 Q4: TFS pays no dividends, and is trading at $103.00 with a volatility of 35.00%. The risk free rate is 10.00%. Construct a one step binomial tree (using the method u = e(r8)T+oVT etc.) to price an American style put option expiring in 12 months. Which of the following strike prices is the smallest one at which the put would be exercised early (at time t = 0)? = A) $128.00 B) $129.00 C) $133.00 D) $124.00 E) $130.00