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A C You are using a two-step binomial tree to estimate the price of a call option on YUM. The strike price of the call

A C You are using a two-step binomial tree to estimate the price of a call option on YUM. The strike price of the call option is $27. The price of YUM today is $44. The risk-free rate is 0.05. What is the price of the call? u = 3 d = 0.7

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