7) Consider the 3-period Binomial Model as an stochastic process (S(t)) with t0,1,2,3 on a filtered probability space (2,Fa.B P a) Assume u-1/d describe the sample space , the probabilities P and the elements i and in the filtration. b) Assume S(0) = 100, u-1 25, d 1/u and p = 2/3 and define the process M(t)-omintS(s) a function of the path w. Compute the probabilities for M(3). maxS(s). Express M(3) as OSsst OSsst cCompute EM(3) 1B21 (Express your answer as a function of the path.) 7) Consider the 3-period Binomial Model as an stochastic process (S(t)) with t0,1,2,3 on a filtered probability space (2,Fa.B P a) Assume u-1/d describe the sample space , the probabilities P and the elements i and in the filtration. b) Assume S(0) = 100, u-1 25, d 1/u and p = 2/3 and define the process M(t)-omintS(s) a function of the path w. Compute the probabilities for M(3). maxS(s). Express M(3) as OSsst OSsst cCompute EM(3) 1B21 (Express your answer as a function of the path.)