3. Define a second chance call option as a contract which allows the holder to buy the asset for price K1 at time T1 or (exclusive or) buy the asset for price K2 at time T2. The current price of Jelly Beans is $50 and the risk-free interest rate is 2%. Use a two step binomial tree model to compute the price at time 0 of a second chance call option on Jelly Beans with T1 = 1, T2 = 2, K1 = $60, K2 = $80 under the assumption that the stock either goes up by 50% or down by 30% at each time step.