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A stock is currently priced at $77 and will move up by a factor of 1.10 or down by a factor of .92 over the

A stock is currently priced at $77 and will move up by a factor of 1.10 or down by a factor of .92 over the next period. The risk-free rate of interest is 2.1 percent. What is the value of a call option with a strike price of $78? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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