Question 1 1 pts A stock is currently trading at $54 and we assume a three-period binomial tree model where each period the stock can either increase by 18%, or fall by 24%. Each step in the tree is 4 months. The interest rate is 1.3% per year (continuous compounding). In this model, what is the risk-neutral probability that the stock price will go up twice and drop once over the three periods? [Provide your answer as a percentage rounded to two decimals, i.e. 40.25 for 0.4025=40.25%]