7. A 6-month Asian average strike call option on a nondividend paying stock based on the arithmetic average of quarterly prices is modeled with a 2-period binomial tree. You are given: (i) The stock price is 60. (ii) o=0.3 (iii) The continuously compounded risk-free interest rate is 0.04. (iv) The binomial tree is constructed using forward prices. Calculate the risk-neutral probability of an option payoff greater than 0. 7. A 6-month Asian average strike call option on a nondividend paying stock based on the arithmetic average of quarterly prices is modeled with a 2-period binomial tree. You are given: (i) The stock price is 60. (ii) o=0.3 (iii) The continuously compounded risk-free interest rate is 0.04. (iv) The binomial tree is constructed using forward prices. Calculate the risk-neutral probability of an option payoff greater than 0