Consider a 1 1-period binomial model with R=1.02 R=1.02, S_0 = 100 S0?=100, u=1/d= 1.05…

Consider a 11-period binomial model with R=1.02R=1.02, S_0 = 100S0?=100,

u=1/d= 1.05u=1/d=1.05. Compute the value of a European call option on the stock

with strike K=102K=102. The stock does not pay dividends.