A stock is trading for $84.00. In 6 months, it will be worth either $113.00 or $62.00. Consider a call option on the stock with strike price of $72.00 and 6 months to maturity. The risk-free rate is 6%. Calculate the hedged portfolio payoff at the options expiration.

Hint: youll need to calculate the hedge ratio from the binomial options pricing model first.

Do not round intermediate calculations. Enter your answer in dollars and cents.