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5. Assume the diagram below depicts the possible price paths for the stock of SNAP, Inc. (Ticker: SNAP) over the next 4 months: (r =

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5. Assume the diagram below depicts the possible price paths for the stock of SNAP, Inc. (Ticker: SNAP) over the next 4 months: (r = 1% per year). (30 points) 68.00 49 34.00 t=0 t= 4 months a) What is the value of a 4-month at-the-money European call option on SNAP based on the tree above? Use risk-neutral valuation

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