Consider a two-period binomial market model for an underlying asset with price process 3: at each time t. Branching from t to t + 1 results in St+1 = 1:58,: in case of an upward price move, and SH] = d5} in case of a downward price move. You are asked to input values 30 = 2. n = 2, d = 1/2, 1' = 0.1, and 6 = (l to price aEuropean put option with strike price 3. :1. Write down the evolution of the underlying stock and the payoff of the option along the tree. h. Determine the structure of the replicating portfolio at times 0 and l in every node. 0. Determine the price of the option at time 0. d. Explain how the price computed at point (c) would change if the option were of American UPC