Assume That the Stock of Tencheck, Inc

Assume that the stock of Tencheck, Inc., is currently trading for $45 and will either rise to $57 or fall to $19 in one year. The risk-free rate for one year is 9 percent. What is the value of a call option with a strike price of $47? (Do not round intermediate computations. Round final answer to two decimal places.)

A) $3.40
B) $6.84
C) $8.84
D) $7.25