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Consider a stock that sells for $52. In 1 year it will be worth either $60 or $40. The risk-free rate is 0%. What is

Consider a stock that sells for $52. In 1 year it will be worth either $60 or $40. The risk-free rate is 0%. What is the value of a call option with a $52 exercise price?

$3.60 $4.80 $2.50 $5.00 $1.60

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