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B D A C F You are using a two-step binomial tree to estimate the price of a call option on MCD. The strike price

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B D A C F You are using a two-step binomial tree to estimate the price of a call option on MCD. The strike price of the call option is $23. The price of MCD today is $28. The risk-free rate is 5%. What is the price of the call? Round your solution to the nearest three decimals if needed (i.e. 2.312). Please do not type the $ symbol. u = 3 d = 0.8 E

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