the current price of a stock is $22, and at the end of one year its price will be either $27 or $17. the annual risk-free rate is 6.0%, based on daily compounding. a 1-year call option on the stock, with an exercise price of $22, is available. based on the binomial model, what is the option's value? (hint: use daily compounding.) a. $2.43 b. $3.29 c. $2.99 d. $2.70 e. $3.62