Consider a stock priced at $125 that can go up by 15% or down by 10% in one period. At the end of that period, European call and put options struck at $120 expire. The risk-free rate is 3%.

A.) Find the value of the call option today and the hedge ratio, which is the number of shares per short call.

B.) FInd the value of the put option today and the hedge rate, which is the number of shares per long put