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A stock is currently selling for $38. In one period, the stock will move up by a factor of 1.30 or down by a factor

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A stock is currently selling for $38. In one period, the stock will move up by a factor of 1.30 or down by a factor of 0.51. A call option with a strike price of $49 is available. If the risk-free rate of interest is 2.5 percent for this period, what is the value of the call option? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of the call option

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