For a two period binomial model, you are given the following.

(i) Each period is one year. (i) The current price for a non-divide nd-paying stock is where u is one plus the rate of capital gain on the stock per period if the stock price goe 0.8607, where d is on (v) The continuously compounded risk-free interest rate is 5%. 20. (ii) u 1.2840, s up. (iv) d- e plus the rate of capital loss on the stock per period if the stock price goes down Calculate the price of European call option on the stock with a strike price of 22. Show the la binomial tree. (20 points) belled