Price a 6-month European put option on Euro with E₀=1.15 and strike K=1.15. Use Hulls calibration on a lattice with step-size t = 0.25, = 0.16, r = 0.01 and r_f = 0.015,

1.Use the sequential risk neutral approach (Hulls backward induction)

2. Calculate 3 replicating portfolios and assure that the three implied prices match those in part i.