Consider a two-period binomial model with S = 100, u = 1.10, d = 0.90, R = 1.02. Suppose also that a dividend of $4 is expected after one period. What is the early-exercise premium of a two-period American call option with a strike price of K = 100?

Group of answer choices

$ 0.14

$ 3.12

$ 0.00

$ 2.12