Let S $=$ $$100,$ K $=$ $$95,$ r $=8\%($continuously compounded$),\backslash$sigma $=30\%,\backslash$delta $=0.$ T $=1$ year, and n $=3($that is$,3$ periods$).$ When constructing the binomial tree for the European put option, what is B $($Dollar Amount Borrowed in the replicating portfolio$)$ at the up node at the end of Period $1($after the stock price goes up once$)?($Hint: u and d are not given and need to be calculated.$)$

Question $2$ options:

$-$$$83\mathrm{.}21$

$-$$$35\mathrm{.}37$

$$0$

$$6\mathrm{.}86$

$$54\mathrm{.}69$