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A stock sells today for $33.Six months from now the stock may go up or down $5, and six months after that it may go

A stock sells today for $33.Six months from now the stock may go up or down $5, and six months after that it may go up or down $5 again as follows:

43

38

3333

28

23

Calculate the value of a call option with X = $33.The risk-free rate is 2%

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