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A stock price is currently $50. It is known that at the end of 6 months it will be either $60 or $42. The risk-free

A stock price is currently $50. It is known that at the end of 6 months it will be either $60 or $42. The risk-free rate of interest with continuous compounding is 1.5% per annum. Calculate the value of a 6-month European call option on the stock with an exercise price of $48

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