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13 Problem 21-37 10 points You are attempting to value a call option with an exercise price of $109 and one year to expiration. The

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13 Problem 21-37 10 points You are attempting to value a call option with an exercise price of $109 and one year to expiration. The underlying stock pays no dividends, its current price is $109, and you believe it has a 50% chance of increasing to $139 and a 50% chance of decreasing to $79. The risk-free rate of interest is 9%. Calculate the call option's value using the two-state stock price model. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) & 02:10:12 Value of the call option eBook This is a numeric cell, so please enter numbers only

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