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Assume that the one-period Binomial Option Pricing model holds (n=1), with the following information (t = 1 year, S = $42, u = 1.1,

Assume that the one-period Binomial Option Pricing model holds (n=1), with the following information (t = 1 year, S = $42, u = 1.1, d =0.9, K= $45, and r = 10%). What is the value of this European call option?

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