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The current stock price of Chocho inc. is $120. You expect the stock price a year from now to be either 5160 or 560 with

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The current stock price of Chocho inc. is $120. You expect the stock price a year from now to be either 5160 or 560 with equal probabilities. The rest rate at which investors can borrow is tow. Using the binomial OPM what should be the price (premium) of a CALL option with an exercise price of $115 and an expiration date 1 year from now $26,13 533.12 $31.61 d. 529.45

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