Let S $=$ $$100,$ K $=$ $$95,\backslash$sigma $=30\%,$ r $=8\%,$ T $=1,$ and $\backslash$delta $=0.$ For simplicity, let u $=1\mathrm{.}3,$ d $=0\mathrm{.}8$ and n $=2($that is$,2$ periods$).$ When constructing the binomial tree for the European call option, what is B $($Dollar Amount Borrowed in the replicating portfolio$)$ at the down node at the end of Period $1($after the stock price goes down once$)?$

Question $9$ options:

$-$$$103\mathrm{.}49$

$-$$$22\mathrm{.}71$

$-$$$64\mathrm{.}48$

$-$$$91\mathrm{.}28$

$-$$$13\mathrm{.}84$