You use the following information to construct a binomial forward tree for modeling the price movements of a stock.

(i) The length of each period is one year.

(ii) The current stock price is 82.

(iii) The stock’s volatility is 30%.

(iv) The stock pays no dividends.

(v) The continuously compounded risk-free interest rate is 5%.

(vi) The continuously compounded expected return on the stock is 10%.

Calculate the continuously compounded expected rate of return on a two-year 80-strike European call option on the stock.