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24, A futures price is currently S60 and its volatility is 30%. The risk-free interest rate is 8%. Use a two-step bi-nomial tree to find

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24, A futures price is currently S60 and its volatility is 30%. The risk-free interest rate is 8%. Use a two-step bi-nomial tree to find the option value. What is the value of a six-month European call option on the futures with a strike price of $60

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