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Use the information below to calculate today's European call price in a two-step binomial tree. (round to two decimal places] The stock's price is $51.

Use the information below to calculate today's European call price in a two-step binomial tree. (round to two decimal places] The stock's price is $51. After three months, it either goes up and gets multiplied by the factor U = 1.17. or it goes down and gets multiplied by the factor D = 1/U. Options mature after T=0.5 year and have a strike price of K = $53. The continuously compounded risk-free interest rater is 1.4 percent per year

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