Seamus is using a 1-step Binomial model to compute the price of a 3-month option, with a strike price of $110. The underlying asset is currently trading at $100 and at maturity will either be $130 or $70. It is expected to pay a dividend yield of 2% per annum over the life of the option. If the risk free rate of interest is 5% per annum with continuous compounding for all maturities, what is the risk neutral probability of an upward movement in the stock price?