Just answer question (C) is ok.

Consider a risky asset that has a current value of $20 million. the return volatility for the asset is 35%. (a) construct a one-year binomial tree for the risky asset with threee steps (deltat = 1/3) (b) Construct a two-year binomial tree for the risky asset with four steps per yerar (deltat = 1/4). (d) Construct a one-year binomial tree for the risky asset with 12 steps (Deltat = 1/12)