Question: You are using a three - step binomial tree to estimate the price of a call option on NFLX . The strike price of the

You are using a three-step binomial tree to estimate the price of a call option on NFLX. The strike price of the call option is $28. The price of NFLX today is $27. The risk-free rate is 5%. What is the price of the call? Round your solution to the nearest two decimals if needed (i.e.2.312). Please do not type the $ symbol.
u=1.8
d=0.7
You are using a three-step binomial tree to estimate the price

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