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1. A European call option on Opaque LLC stock has the following specifications: Strike price = $578, current stock price = $581, time to expiration

1. A European call option on Opaque LLC stock has the following specifications: Strike price = $578, current stock price = $581, time to expiration = 4 years, annual continuously compounded interest rate = 0.12, dividend yield = 0. You can use a two-period binomial model to calculate the option's price. This is the binomial tree for the stock price movements: ---981.89 -755.3 ------ 581 604.24 --------- -464.8 -371.84 Find the price of one European call option on Opaque LLC stock

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