Use a $3-$step binomial tree to value a European Call Option with the following

conditions:

The Option expires $9$ months from now and has a Exercise price of $44.$

One underlying share is currently worth $41$ and the volatility and drift para$-$

meters take the following values: $=30\%$ and $=0.$

There is a risk free interest rate of $8\%.$

Ensure your solution includes all working and appropriate tree diagrams and

give your final answer correct to $2$ decimal places.