Let S $=$ $$100,$ K $=$ $$95,$ r $=8\%($continuously compounded$),\backslash$sigma $=30\%,\backslash$delta $=0.$ T $=1$ year, and n $=3($that is$,3$ periods$).$ When constructing the binomial tree for the European put option, what is B $($Dollar Amount Borrowed in the replicating portfolio$)$ at the up and down node at the end of Period $2($after the stock price goes up and then down$)?($Hint: u and d are not given and need to be calculated.$)$

Question $22$ options:

$-$$$92\mathrm{.}50$

$-$$$79\mathrm{.}53$

$$0$

$$12\mathrm{.}97$

$$92\mathrm{.}50$