Question: please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS Current price of a stock is $30, and

please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS

Current price of a stock is $30, and at the end of one year its price will be either $36 or $24. The annual risk-free rate is 1.5%, based on daily compounding. Based on the binominal option pricing model, what is the present value of a 1-year call option with an exercise price of $28?

PLEASE HELP WITH EXCEL STEP-BY-STEP (IN FULL detail) much appreciated **IMPORTANT** I WANT TO LEARN

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