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A stock's price is $50. Over each of the next two three-month periods it can go up 6% or down 5%. The annual risk free

A stock's price is $50. Over each of the next two three-month periods it can go up 6% or down 5%. The annual risk free rate is 5%. The valu of a six-month European call option with strike price of $51 is about a. $0.84 b. $1.64 c. $1.94 d. $2.49

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