Binomial Model The current price of a stock is $18. In 1 year, the price will be either $24 or $16. The annual risk-free rate is 4%. Find the price of a call option on the stock that has a strike price of $19 and that expires in 1 year. (Hint: Use daily compounding.) Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent.

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Finance need help

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Please break down the forumula and where you got the information to put in EACH part of calculation. 2021: ($162,000 x 8/36  x 3/12)2022: ($153,000 x 8/36 x 9/12+($153,000-($153,000 x 8/36 x 9/12) x 7/36 x 3/12)2023: ($121,302.08 x 7/36 x 9/12+($121,302.08-($121,302.08 x 7/36 x 9/12) x 6/36 x 3/12) Step by step because it is unclear. Why is there 9/12 and 3/12. And 2021 has 8/36 in the first half.2022 has 8/36 there as well in the first half, then it in 2023, it changes to 7/36. Please explain

The answers were all incorrect for 2023, 2024, 2025, 2026, and 2027. Could you please recalculate them. Thank you.

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THE ANSWER IS NOT 21% OR 0.2% can you give me a few answers to try? Thank you!

Example 6 Show how the following independent errors will affect net income and stockholders' equity using the symbol + for overstated, for understated, and 0 for no effect. 2022 El Overstated Failed to Accrue 2022 Interest Revenue PPE Fully Expensed in 2022 Failed to Accrue 2022 Wages Recorded 2023 Rent as Revenue in 2022 2022 NI 2022 Equity 2023 2023 NI Equity

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