A stock is currently $24.In six months it will be worth either $20 or $30.The interest rate is 2%.Consider a call option with astrike price of $23.

What is the approximate value of the risk-neutral probability, P, for this option?

Group of answer choices

1. .50
2. .44
3. .46
4. .48

What is the approximate value of this option?

Group of answer choices

1. $2
2. $4
3. $3
4. $1
5. $5

What is the approximate value of the risk-neutral probability, P, for this option?

Group of answer choices

1. .38
2. .40
3. .36
4. .42
5. .34

What is the approximate value of this option?

Group of answer choices

1. $1.50
2. $1.70
3. $1.80
4. $1.90
5. $1.60