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A stock is currently priced at $ 1 6 0 . Next year, the stock's price will be either $ 2 0 3 or $

A stock is currently priced at $160. Next year, the stock's price will be either $203 or $128. The risk free rate is 5 percent. Using the binomial option pricing model, determine the price of a call option on this stock with an exercise price of $160 and expiring one year from today.
Group of answer choices
$25
$16
$28
$19
$22

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