You are attempting to value a call option with an exercise price of $100 and on year to expiration. The underlying stock pays no dividends,

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You are attempting to value a call option with an exercise price of $100 and on year to expiration. The underlying stock pays no dividends, its current price is $100, and you believe it has a 50% chance of increasing to $120 and a 50% chance of decreasing to $80. The risk free rate of interest is 10%.

PLEASE ROUND ALL OF YOUR ANSWERS to 2 decimal places. OMIT any dollar signs ($).

The value of the call option at expiration if the stock price decreases to $80 is ______.

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