We will assume the following binomial structure for the stock price:

Note: use the replicating portfolio method

What is the value of this option in Year $1(t=1)$ in the up state $($where the stock price is $$125)?$

What is the value of this option in Year $1(t=1)$ in the down state $($where the stock price is $$80)?$

What is the value of this option in Year $0?$