Is my work done correctly:
Su = 74 * 1.2 = 88.8
Sd = 74 * .8 = 59.2
Cu = 88.8 – 75 =13.8
Cd = 59.2 – 75 = 0
Change = (13.8 – 0) / (88.8 – 59.2) = 0.4662
C = (.4462 * 74(1 + .042 – 1.2) + 13.8) / 1.042
C = 8.24
$8.24 is the price of the call option