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The current price of a stock is $16. In 6 months, the price will be either $19 or $11. The annual risk-free rate is 6%.

The current price of a stock is $16. In 6 months, the price will be either $19 or $11. The annual risk-free rate is 6%. Find the price of a call option on the stock that has a strike price of $13 and that expires in 6 months. (Hint: Use daily compounding.) Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent

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