Use binomial lattices to find the premium on a pay later option on a stock with a current price of $50, a strike price of $53, and a volatility of 30%. Assume a risk-free rate of 5%. Assume the option is European style and the payoff is: 𝑓(𝑆 ,𝑃) = 𝑆 − 𝐾 − 𝑃, 𝑆 ≥ 𝐾 𝑜𝑡ℎ𝑒𝑟𝑤𝑖𝑠𝑒