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5. [10 Marks) Replicating a Call with Futures Contracts In lectures we showed how to replicate a European call with certain holdings in stock and

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5. [10 Marks) Replicating a Call with Futures Contracts In lectures we showed how to replicate a European call with certain holdings in stock and bond. Now, using a 2-period binomial tree, show how to replicate a European call by specifying the amounts of futures contracts and bond you should hold at each node. Make sure your strategy is self-financing

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