Let S $=$ $$100,$ K $=$ $$95,\backslash$sigma $=30\%,$ r $=8\%,$ T $=1,$ and $\backslash$delta $=0.$ For simplicity, let u $=1\mathrm{.}3,$ d $=0\mathrm{.}8$ and n $=2($that is$,2$ periods$).$ When constructing the binomial tree, what is the European call option value at the down node at the end of Period $1($after the stock price goes down once$)?$

Question $10$ options:

$$27\mathrm{.}31$

$$38\mathrm{.}725$

$$4\mathrm{.}165$

$$2\mathrm{.}386$

$$51\mathrm{.}675$