Question 8 O out of 10 points Which of the following statements is true concerning calculating the value of an American Put Option using a binomial tree? Answers: A. If the calculated value of the American Put Option is below the intrinsic value of the put option, you use the intrinsic value as the value of the put option for that node. B. Since it is never optimal to exercise an American Put option early, the American Put option will have the same value as the European Put Option. C. If the calculated value of the American Put Option is above the intrinsic value of the put option, you use the intrinsic value as the value of the put option for that node. D. It is more likely that the option will be exercised early as the stock price increases in the tree than as the stock price decreases in the tree