If the stock pays a $1 dividend just before the end of thr first 3 months, then today's price of a European call is:

Use the following data for a two-period binomial model to answer the questions that follow. The stock's price is $100. After three months, it either goes up and gets multiplied by the factor U = 1.13847256, or it goes down and gets multiplied by the factor D = 0.88664332. Options mature after T = 0.5 year and have a strike price of K = $105. The continuously compounded risk-free interest rate r is 5 percent per year. If the stock pays a $1 dividend just before the end of the first three months, then today's price of a European call is