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Consider a two-period binomial model in which a stock currently trades at a price of$70. The stock price can go up 15% or down 15%

Consider a two-period binomial model in which a stock currently trades at a price of$70. The stock price can go up 15% or down 15% each period. The risk-free rate is 5%.Calculate the price of a European call option expiring in two periods with an exercise price of $65.

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