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Cossider a binomial woeld in which the current stock price of $80$ can cither go up by $10$ percent or dow? by $8$ pervent. The risk$-$free rate is $4$ percent. Aswame a eac$-$period woeld. Aeswer questions $12$ throcgh $15$ about a call with an exercise price of $80.$

What would be the call's price if the stock gocs down?

$8\mathrm{.}00$

$3\mathrm{.}60$

$0\mathrm{.}00$

$9\mathrm{.}00$

none of the above