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A stock price is $10 now. In 1 month it can go to $11 or $9. The annual interest rate is 5% with continuous compounding.

A stock price is $10 now. In 1 month it can go to $11 or $9. The annual interest rate is 5% with continuous compounding. Construct a synthetic long call strategy with strike price 9.5 What is the cost of this synthetic trading strategy?

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