Question: Use the binomial option pricing model to determine the price of this call option. Round final answer to two decimals. Strike price (K) $ 30.00

Use the binomial option pricing model to determine the price of this call option. Round final answer to two decimals.

Strike price (K) $ 30.00
Stock price (S) $ 50.00
Stock price up (SU) $ 90.00
Stock price down (SD) $ 70.00
Risk-free rate (rf) 5%
Time to expiration in years 1.00
Call payoff up (CU)
Call payoff down (CD)
D
B
Call premium

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