You are pricing an American call option, maturing in 5 months with strike price $50.76. The stock price is currently $55.06, and the stock will pay a dividend of $3.70 in 4 months. You are using a two step tree. The interest rate (with continuous compounding) is 3.70%, and the stock's volatility is 47.70%, so you have calculated that u = 1.2432, d = 0.8044, and the probability of an up move in the tree is 0.4634. What is the option's value today? 9.37 6.38 4.96 7.90 Your are in New Zealand. You are planning to price an American put option on Canadian dollar futures, maturing in 4 months. You plan to use a 2 step tree. The New Zealand interest rate is 0.70%, while the Canadian interest rate is 3.50% (both with continuous compounding). The Canadian dollar futures price has volatility 20.00%. What is the risk neutral probability for the up state? 0.4867 0.4796 0.4511 0.4712