Question: What do I do next? The formula for Pv is producing very large numbers; I know that the answer is $1.91 This is what I

What do I do next? The formula for Pv is producing very large numbers; I know that the answer is $1.91

This is what I have so far

very large numbers; I know that the answer is $1.91 This is

The current price of a stock is $15. In 6 months, the price will be either $18 or $13. The annual risk-free rate is 6%. Find the price of a call option on the stock that has a strike price of $14 and that expires in 6 months. (Hint: Use daily compounding.)

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