Future prices of a stock are modeled with a 2-period binomial tree, each period being one year. You are given: (i) The tree is constructed based on forward prices. (1) The initial stock price is 50. (iii) The continuously compounded risk-free interest rate is 3%. (iv) The stock pays continuous dividends proportional to its price at a rate of 6%. (v) o=0.3. An American call option on the stock expiring in 2 years has strike price 60. Determine the price of the call option