The current price of a stock is $48. In 1 year, the price will be either $55 or $31. The annual risk-free rate is 6.6%. Find the price of a call option stock that has a strike price of $50 and that expires in 1 year. (Use daily compounding.) on the Inputs Po 14 d X Pu Cu Pd Cd II Use the Binomial Model 4-step approach Ng Step 1 Payoff Step 2 PV(payoff Step 3 Price for N shares Step 4 Vo Use the Binomial Model Formula Approach (single-period, thus n=1) rtu e IIII same chararistics but with strike price of $45. Use the same Binomial Formula to price an option with the Cu Cd Ve