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(10 points) A call option on hogs, with an exercise price of $50, will either be worth $12 or worthless. The call option has a

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(10 points) A call option on hogs, with an exercise price of $50, will either be worth $12 or worthless. The call option has a delta of 0.3. a. What is the binomial spread of possible hog prices? b. What is the value of that call at the end of the period if the risk-free interest rate is 2%? c. What is the value of the call today

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