Is my work done correctly:

S_u = 74 * 1.2 = 88.8

S_d = 74 * .8 = 59.2

C_u = 88.8 75 =13.8

C_d = 59.2 75 = 0

Change = (13.8 0) / (88.8 59.2) = 0.4662

C = (.4462 * 74(1 + .042 1.2) + 13.8) / 1.042

C = 8.24

$8.24 is the price of the call option

12. One-Period Binomial Option Pricing (L01, CFA2) A stock is currently priced at $74 and will move up by a factor of 1.20 or down by a factor of 0.80 over the next per The risk-free rate of interest is 4.2 percent. What is the value of a call option wi price of $75