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You are attempting to value a call option with an exercise price of $109 and one year to expiration. The underlying stock pays no dividends,

You are attempting to value a call option with an exercise price of $109 and one year to expiration. The underlying stock pays no dividends, its current price is $109, and you believe it has a 50% chance of increasing to $133 and a 50% chance of decreasing to $85. The risk-free rate of interest is 9%. Calculate the call options value using the two-state stock price model. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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