Tuition Assistance Ap Team Drne X earn spat 1. For this exercise, you will be using the Binomial Asset Pricing Model with the parameters, N = 4, r = .05, u = 1.1, d = .95, p-q.5, and So 100. Determine the replicating strategy of a derivative security at maturity (Vv) for a forward defined as: where K -103. (Note, you will nwed to provide both Vo and the hedging strategy (A.) to receive full credit)