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An American call has two periods to go before expiring. Its stock price is 3 0 , and its exercise price is 2 5 .

An American call has two periods to go before expiring. Its stock price is 30, and its exercise price is 25. The risk-free rate is 0.04, the value of u is 1.2, and the value of d is 0.90. The stock pays a dividend at the end of the first period at the rate of 8%. The value of the call at t=0 is closest to?
A.$5.10
B.$5.85
C.$6.04
D.$6.34

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