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A stock is currently selling for $47. In one period, the stock will move up by a factor of 1.16 or down by a factor

A stock is currently selling for $47. In one period, the stock will move up by a factor of 1.16 or down by a factor of 0.93. A call option with a strike price of $53 is available. If the risk-free rate of interest is 2.5 percent for this period, what is the value of the call option?

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