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9. value: 10.00 points You are attempting to value a call option with an exercise price of $109 and 1 year to expiration. The underlying

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9. value: 10.00 points You are attempting to value a call option with an exercise price of $109 and 1 year to expiration. The underlying stock pays no dividends, its current price is $109, and you believe it has a 50% chance of increasing to $127 and a 50% chance of decreasing to $91. The risk-free rate of interest is 10%. Calculate the call option's value using the two-state stock price model. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.) Call option's value References ( eBook & Resources Worksheet Difficulty: 2 Intermediate Check my work

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