Problem 3. You are interested in pricing and hedging a European put option on a stock using a two-period binomial model with notation and set-up as in Chapter 10 of the text. So = 10, u = 1.15, d = 0.92, h = 1, 8 = 0, and r = = 0 The put option expires at time 2 and has a strike price of 12. Compute the price of the put option at time 0 and compute the dynamic hedging strategy needed to replicate the put option payoffs at time 2