Question: A stock is currently selling for $ 3 0 . Over the next two periods, the stock will move up by a factor of 1

A stock is currently selling for $30. Over the next two periods,
the stock will move up by a factor of 1.13 or down by a factor of
0.82 each period. A call option with a strike price of $29 is
available. If the risk-free rate of interest is 3.2 percent per
period, what is the value of the call option?(Do not
round intermediate calculations. Round your answer to 2 decimal
places.)

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