With probability 53.84%, the price of JetBlue is $40.79. With the complement probability, the price of JetBlue is $6.58. The price of JetBlue today is $25.00. There is one call option, call it Option 1, that gives a payoff of $90.27 if JetBlue goes up and $14.51 if JetBlue goes down. There is a call second option, call it Option 2, that is WRITTEN on Option 1, with an strike price $34.97. That is, with option 2 one can buy option 1 at a price $34.97 at t=1. The CCIR is 2.21%. Using any method of your preference, find the price of Option 2 at t=0.