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A company's stock is currently selling for $68 a share but is expected to either decrease to $61.20 or increase to $74.80 a share over
A company's stock is currently selling for $68 a share but is expected to either decrease to $61.20 or increase to $74.80 a share over the next year. The risk-free rate is 3.3 percent. What is the current value of a 1-year call option with an exercise price of $68?
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