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A stock is currently selling for $49. In one period, the stock will move up by a factor of 115 or down by a factor

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A stock is currently selling for $49. In one period, the stock will move up by a factor of 115 or down by a factor of.63. A call option with a strike price of $55 is available. If the risk-free rate of interest is 2.5 percent for this period, what is the value of the call option? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Value of the coll option 10

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