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Calculate the price of an American call option on the stock with a strike price of 22 For a two-period binomial model, you are given:

Calculate the price of an American call option on the stock with a strike price of 22

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For a two-period binomial model, you are given: Each period is one year. The current price for a nondividend-paying stock is 20. u = 1.2840 and d = 0.8607. The continuously compounded risk-free interest rate is 5%. Calculate the price of an American call option on the stock with a strike price of 22

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