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 $($Stock Share Purchased in the replicating portfolio$)$ at the up and up node at the end of Period $2($after the stock price goes up and then up$)?($Hint: u and d are not given and need to be calculated.$)$

Question $21$ options:

$1$

$0\mathrm{.}8966$

$0$

$-0\mathrm{.}1034$

$-1$