You observe a $60 price for a non- dividend- paying stock. The option has two years to mature, the periodically compounded risk- free interest rate is 4%, the exercise price is $60, u = 1.156, and d = 0.844. Assume the option is European- style. Based on a two-period binomial tree model, the current call and put option value are closest to A. call price is $7.36 and put price is $2.84 B. call price is $2.84 and put price is $7.36 C. call price is $4.36 and put price is $3.84

D. call price is $3.84 and put price is $4.36