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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 rate is 6

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?

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