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A stock is worth $ 60 today . In a year, the stock price can rise or fall by 15 percent . If the interest
A stock is worth $ 60 today . In a year, the stock price can rise or fall by 15 percent . If the interest rate is 6 percent , what is the price of a call option that expires in three years and has an exercise price of $ 70 ? What is the price of a put option that expires in three years and has an exercise price of $ 65? (Use Binomial Option Pricing Model)
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