A. Illustrate a "Credit Financed Stock Purchase" using options (4 marks) B. Wise (Formerly TransferWise) stock price is currently 100. At the end of 3 months, it will be either 110 or 90.91. The risk-free interest rate is 2% per annum. What is the value of a 3-month Binomial European call option with a strike price of 100 ? i. Determine the portfolio of stocks and T-Bills that exactly replicates the payoff to the call option at maturity. (3 marks) ii. What is the current value of the call option (2 marks) iii. Given the current value of the call option determine the current value of the put option (2 marks)