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The answer is not $.47 or $.46 A stock is currently selling for $49. Over the next two periods, the stock will move up by

image text in transcribedThe answer is not $.47 or $.46

A stock is currently selling for $49. Over the next two periods, the stock will move up by a factor of 1.23 or down by a factor of .91 each period. A call option with a strike price of $59 is available. If the risk-free rate of interest is 3.2 percent per period, what is the value of he call option? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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