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A non-dividend paying stock currently trades at $50 per share. It is known that after two months, the price will be either $54 or $46.

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A non-dividend paying stock currently trades at $50 per share. It is known that after two months, the price will be either $54 or $46. The continuously-compounded risk-free interest rate is 9%. Calculate the value of a two-month European call option with a strike price of $48

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