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39 D B E You are using a two-step binomial tree to estimate the price of a call option on MCD. The strike price of

39 D B E You are using a two-step binomial tree to estimate the price of a call option on MCD. The strike price of the call option is $26. The price of MCD today is $38. The risk-free rate is 5%. What is the price of the call? Round your solution to the nearest three decimals if needed (ie2.312). Please do not type the $ symbol u-2 d = 0.6

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