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You are attempting to value a call option with an exercise price of $120 and one 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 $120 and one year to expiration The underlying stock pays no dividends, its current price is $10 and you believe it has a 50% chance of increasing to $150 and a 50% chance of decreasing to $90 The risk-free rate of interest is 6% Based upon your assumptions, calculate your estimate of the the call option's value using the two- state stock price model (Do not round intermediate calculations Round your answer to 2 decimal places.) Value of the call $

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