Consider a one-step binomial tree on stock with a current price of $70 that can go either up to $90 or down to $50 in 1 year. The stock does not pay dividend and interest rates are zero. We want to price the 1-year $60-strike European put option on this tree. (i) What's the put option payoff 1 year 1 later if the stock price ends up at $90? (integer) 0 (ii) What's the payoff if the stock price ends at $50? (integer) 10 (iii) Use the tree to compute the value (integer) 5 and delta (2 decimals) -0.25 of the put option. (iv) What's the risk-neutral probability of the stock price going up to the $70 mode of the tree ? (2 decimals) 0.50 (Write all answers in the exact required decimals.)