Question: 1 pts B E You are using a two-step binomial tree to estimate the price of a call option on MCD. The strike price of

1 pts B E You are using a two-step binomial tree to estimate the price of a call option on MCD. The strike price of the call option is $23. The price of MCD today is $41. The risk-free rate is 5%. What is the price of the call? Round your solution to the nearest three decimals if needed (.e. 2312). Please do not type the $ symbol. - 3 d-0.5 Question 8

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