Assuming that the risk free rate of return is 3%, use the binomial tree model to price a call on a $35 exercise price European call option on HOG that expires in 4 months. Use a time step of 1 month and assume that the closing price of HOG on Feb 4, 2019 is the starting price for the stock on the tree. Staple the tree to the answer.

Q: what is the risk neutral probability

Q: price of call option on Feb 4, 2019 from your tree