The price of a non-dividend-paying stock evolves on a binomial tree as follows 36 24 16 18 12 9 The (continuously-compounded, annualized) interest rate is 10%. The time interval between each stage is h=6 months (ie, six months from today the price will be either 24 or 12; six months later, it will be either 36, 18, or 9). Suppose you sell a European put with strike 17 to a customer, assuming the above binomial tree. Describe how you would hedge. (Be specific: think about things like how many shares you would buy or sell, etc..., .)