Intro The current price of a non-dividend-paying stock is $15.84 and you expect the stock price to either go up by a factor of 1.285 or down by a factor of 0.778 over the next 0.7 years. A European call option on the stock expires in 0.7 years. Its strike price is $16. The risk-free rate is 6% (annual, continuously compounded). Part 1 Attempt 1/3 for 10 pts. What is the value of the option