Consider a binomial lattice. The current stock price (So) is 100. There are two states next period: In the up-state the stock price equals 125, while in the down state the stock price is 85. The risk-free interest rate is zero (0%). A call option with a strike price X = 105 is also trading. (xi) Compute the call option's hedge ratio (delta) (10 points) (xii) Compute the call option's (no-arbitrage) price (20 points) Consider a binomial lattice. The current stock price (So) is 100. There are two states next period: In the up-state the stock price equals 125, while in the down state the stock price is 85. The risk-free interest rate is zero (0%). A call option with a strike price X = 105 is also trading. (xi) Compute the call option's hedge ratio (delta) (10 points) (xii) Compute the call option's (no-arbitrage) price (20 points)