A stock priced at $ 20 has an 80 percent probability of moving up and a 20 percent probability of moving down. If it moves up, it increases by a factor of 1.05. If it moves down, it decreases by a factor of 1/1.05. What is the expected stock price after two successive periods()
A. $ 20.05.
B. $ 22.05.
C. $ 21.24.