Question: please show step by step excel instructions legraph Adobe Acabat Styles Editing Chapters 8 and 25: Financial Options and Real Options 15. The current price

please show step by step excel instructions
please show step by step excel instructions legraph Adobe Acabat Styles Editing

legraph Adobe Acabat Styles Editing Chapters 8 and 25: Financial Options and Real Options 15. The current price of a stock is $22, and at the end of one year its price will be either $29 or $15. The annual risk-free rate is 5.0%, based on daily compounding. A l-year call option on the stock, with an exercise price of $23, is available. Based on the binominal model, what is the option's value? (5 points)

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