Problem 5 Intro The current price of a non-dividend-paying stock is $77.04 and you expect the stock price to either go up by a factor of 1.098 or down by a factor of 0.918 each period for 2 periods over the next 0.4 years. Each period is 0.2 years long. A European call option on the stock has a strike price of $77 and expires in 0.4 years. The risk-free rate is 2% (annual, continuously compounded). Attempt 1/8 for 10 pts. Part 1 What is the current value of the option? 11 decimals Submit