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A stock is currently priced at $ 7 4 and will move up by a factor of 1 . 2 0 or down by a

A stock is currently priced at $74 and will move up by a factor of 1.20 or down by a factor of .80 over the next period. The risk-free rate of interest is 4.2 percent. What is the value of a call option with a strike price of $75?(Do not round intermediate calculations. Round your answer to 2 decimal places.)

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