Please answer the following quesiton with explanation

Problem 3. Consider the Cox-Ross-Rubinstein model for the pricing of European call options with parameters Xo :=1, K :=2, o :=In(1) and # := In(2). (1) (10p) Determine the Black-Scholes price II* for maturity times N = 1 and N = 2. (2) (10p) Determine an optimal self-funding hedging strategy (1, 1 : 0 -> R for N = 1 (optimal in the sense that the strategy has the smallest possible initial value)