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Consider pricing European options on a stock with an initial price of $63 and a strike price of $63. The options mature in 7 months,

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Consider pricing European options on a stock with an initial price of $63 and a strike price of $63. The options mature in 7 months, and the risk-free rate of interest is 0.5% per annum. The volatility is =0.74. If a 20 period binomial tree is to be used, then the up move, u, in the stock price using the Jarrow-Rudd (JR) solution is: 1.134710.881281.125850.87440

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