Consider the following binomial option pricing problem involving a European call. This call has one year to go before expiring. Its stock price is 100 and its exercise price is 100. The annualized risk-free rate is 5%. Every six months, the value of the stock can either increase by 10% or decrease by 10%. Using a two-step binomial tree (each step is six months) Questions:

1. Compute the value of the call with the delta hedged portfolio.

2. Compute the value of the put with the delta hedged portfolio.