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Assume that after one time period, the value of a stock (whose present value is R500) would be either R800 or R350. At a cost

Assume that after one time period, the value of a stock (whose present value is R500) would be either R800 or R350. At a cost C per share, you can purchase at time-0, a call option to buy the stock at time-1 for the price of R700. Determine the unique cost of this option?

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