Consider a three-period binomial model for stock price with t=0.25 years. Let S0=10,r=5%, u=1.25 and d=1/u Consider a lookback option which has payoff: V3=(max0n3Sn)S3 (a) Find the price of this option at time 0 and a replicating strategy for an agent who sells this lookback option at times 0,1 and 2 . Consider a three-period binomial model for stock price with t=0.25 years. Let S0=10,r=5%, u=1.25 and d=1/u Consider a lookback option which has payoff: V3=(max0n3Sn)S3 (a) Find the price of this option at time 0 and a replicating strategy for an agent who sells this lookback option at times 0,1 and 2