C=e" (c. Om match U-el u -d H elt to d=elt those TABLE 12.1 Binomial option prices for different numbers of binomial steps. As in Figure 10.2, all calculations assume that the stock price S = $41, the strike price K= $40, volatility o = 0.30, risk-free rate r = 0.08, time to expiration T=1,- Verity 4 n= Number of Steps (n) Binomial Call Price ($) 7.839 4 7.160 C=e" (c. Om match U-el u -d H elt to d=elt those TABLE 12.1 Binomial option prices for different numbers of binomial steps. As in Figure 10.2, all calculations assume that the stock price S = $41, the strike price K= $40, volatility o = 0.30, risk-free rate r = 0.08, time to expiration T=1,- Verity 4 n= Number of Steps (n) Binomial Call Price ($) 7.839 4 7.160