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A one-step binomial call option has a delta of 0.2 The value of the asset in its up position is $24.20. Further assume that the

A one-step binomial call option has a delta of 0.2 The value of the asset in its "up" position is $24.20. Further assume that the "up" position is $2.27 in-the-money relative to the current So.

Calculate the future value of the portfolio. (Please display your answer in $ to 2 decimal places)

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