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A stock is currently priced at $120 per share. Next year, the price of the stock can go up to $150 or go down to

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A stock is currently priced at $120 per share. Next year, the price of the stock can go up to $150 or go down to $90. Use the binomial option pricing model to determine the price of a call option on the stock with exercise price of $120, assuming that the risk free rate is 4 percent. $11 SB |s5 $14 $17

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