QUESTION 7 Suppose you are given the following information: stock price = 35, strike price = 33, u = 1.466, d = 0.756, n = 2 (time steps), r = 4.00% (per period), and pays $2 dividend at the end of the first period. Compared with the early exercise premium you calculated for the previous question, the early exercise premium is higher lower the same cannot be determined QUESTION 7 Suppose you are given the following information: stock price = 35, strike price = 33, u = 1.466, d = 0.756, n = 2 (time steps), r = 4.00% (per period), and pays $2 dividend at the end of the first period. Compared with the early exercise premium you calculated for the previous question, the early exercise premium is higher lower the same cannot be determined