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Growthpoint Properties Ltd. (GRT) is currently trading at R13.08 per share. During the next two six-month periods, you expect Growthpoints shares to either increase by

Growthpoint Properties Ltd. (GRT) is currently trading at R13.08 per share. During the next two six-month periods, you expect Growthpoint’s shares to either increase by 8% or fall by 8%. The current risk-free rate is 4.5% p.a. 


What is the value of a call option on Growthpoint with an exercise price of R10 and 1-year to expiration?

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