The current price of a stock is $$19.$ In $1$ year, the price will be either $$25$ or $$14.$ The annual risk$-$free rate is $7\%.$ Find the price of a call option on the stock that has a strike price of $$21$ and that expires in $1$ year. $($Hint: Use daily compounding.$)$ Assume a $365-$day year. Do not round intermedlate calculations. Round your answer to the nearest cent.

$

car

$($d$)$

$24$

$($P$)$ ctv

$$

$!$

@

#

$

$\%$

$5$

hat$(6)$

$8$

$7$

$8$

$\frac{1}{9}$

$Q$

w

E

R

T

Y

u

$1$

A

S

D

F

G

H

j

K

z

$x$

C

V

B

N

M

$$

$H$

option

command