Binomial Model The current price of a stock is $16. In 6 months, the price will be either $20 or $11. The annual risk-free rate is 5%. Find the price of a call option on the stock that has a strike price of $13 and that expires in 6 months. (Hint: Use daily compounding.) Round your answer to the nearest cent. Assume a 365-day year. Do not round your intermediate calculations. $