AMD is currently trading at a price of $80 per share. In one year from today, the price of AMD shares will either be $100 per share or $70 per share with equal probabilities. These interest rate for borrowing and lending is 10% per annum. Use the binomial option-pricing model find the price of a European call option with an exercise price of $90 that expires in one year from today.

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)