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A share of stock is currently priced at $ 2 0 and will change with equal likelihood to either $ 5 0 or $ 1
A share of stock is currently priced at $ and will change with equal likelihood to either $ or $ A call option with a $ exercise price is available on the stock. How many shares of stock must be purchased to replicate the payoff from owning one call option?
A $ shares
B $ shares
C $ shares
D $ shares
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