Explain the difference between a call option and a put option.
Explain the difference between an American option and European
option. Find the value of a call option using the binomial option
pricing formula for single period when given the following
information: you have an option with 6 months until expiration, the
payoff in the up scenario is $12, and the payoff in the down
scenario is $0, the risk-free rate is 5%, the weight for the up
scenario is...