The current price of a stock is $$50.$ In one year, the price will either be

$$70$ or $$40.$ The annual risk$-$free rate is $3\%.$ Consider a call option that

expires in one year with a strike price of $$55$ Using the single$-$period

Binomial Option Pricing Model, find the price of the call option. Assume

that the number of shares in the hedge portfolio $(Ns)=0\mathrm{.}500.$

The value of the call option is vcall$].($round to two decimal places.$)$