please write out answers by hand not excel and a 2 period hedge covered call and a handwritten binomial tree for both options handwritten so i can see how answers were achieved. thank you

12. You have just sold a TWO-PERIOD call option on 100 shares of a $15 stock. In each of the next two periods the stock can go up 60% or fall by 20 percent. The risk-free rate is 25 percent. The strike price is $15.00 per share. Delta hedge your short position in the option. Show what you buy or sell (how many shares, strike prices et cetera) each period. T=0 T= 1 Stock goes up Stock goes down Buy Sell Cash Flow Accounting Profit if shut down T = 1 Stock goes up then up T=2 Stock goes up then Stock goes down down then up Stock goes down then down Buy Sell Cash Flow Accounting Profit (20 points) 12. You have just sold a TWO-PERIOD call option on 100 shares of a $15 stock. In each of the next two periods the stock can go up 60% or fall by 20 percent. The risk-free rate is 25 percent. The strike price is $15.00 per share. Delta hedge your short position in the option. Show what you buy or sell (how many shares, strike prices et cetera) each period. T=0 T= 1 Stock goes up Stock goes down Buy Sell Cash Flow Accounting Profit if shut down T = 1 Stock goes up then up T=2 Stock goes up then Stock goes down down then up Stock goes down then down Buy Sell Cash Flow Accounting Profit (20 points)