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The current stock price is $200. The stock pays a dividend of $10 every quarter. The risk-free rate is 8%. Over each of the next

The current stock price is $200. The stock pays a dividend of $10 every quarter. The risk-free rate is 8%. Over each of the next three-month periods the stock could go up by 10% (u=1.1) or down by 10% (d=.90). The option expires in six months after the second dividend is paid. The price chart is given below.

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What is the price of an American Style Call with a strike of $210? (Round to 2 decimal places)

231 10 221 220 10 210 189 10 179 200 180 10 170 187 10 177 153 10 143 231 10 221 220 10 210 189 10 179 200 180 10 170 187 10 177 153 10 143

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