Using a Binomial Tree with 3 steps, the price at time zero of a European put with a current stock price of 100, a strike price of 100, maturity of 9m, annual volatility of 50% and risk free annual rate of 1% is If the put was priced using Black-Scholes, the price woud be If the put was American rather than European, would it be optimal to exercise it at some point? Use the points defined in the Binomial Tree to describe your