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Alexander calculates that shares of Galifre Educational, currently trading at $100, will either increase to $140 or decrease to $60 in one year with a

Alexander calculates that shares of Galifre Educational, currently trading at $100, will either increase to $140 or decrease to $60 in one year with a 50/50 probability. Alexander is considering a one year $130 call option. The simple interest rate is 4.7%. What is the price per share of the leveraged stock in the binomial option pricing model? (rounded $ to two places after the decimal)

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