You are given the following information about a stock and a 6-month European put-on-call option on this stock: i) The current stock price is 55. ii) The stock pays dividends continuously at a rate proportional to its price. The dividend yield is 2%. iii) The strike price of the underlying call is 60. iv) The put-on-call option is modeled with a 1-year 2-period binomial tree with u= 1.4, d= 0.7. v) The underlying call expires in 1 year. vi) The strike price of the put-on-call is 0.7. vii) The continuously compounded risk-free rate is 4.5%. Calculate the premium of the put-on-call option. You are given the following information about a stock and a 6-month European put-on-call option on this stock: i) The current stock price is 55. ii) The stock pays dividends continuously at a rate proportional to its price. The dividend yield is 2%. iii) The strike price of the underlying call is 60. iv) The put-on-call option is modeled with a 1-year 2-period binomial tree with u= 1.4, d= 0.7. v) The underlying call expires in 1 year. vi) The strike price of the put-on-call is 0.7. vii) The continuously compounded risk-free rate is 4.5%. Calculate the premium of the put-on-call option