RB Ltd is currently selling for $65 per share. It is expected over the course of the next year to either rise by 30% or decline by 22%. The interest rate is currently at 8%. If you decide to purchase a call option on this stock with an exercise price of $70, to the closest value, what would be a fair price to pay?

$6.25

$7.75

$9.75

$8. 25

It is not possible to calculate the fair price from the above data