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Currently, the stock price is $50. Over each of the next two 1-yr periods, it is expected to go up by 20% or down by

Currently, the stock price is $50. Over each of the next two 1-yr periods, it is expected to go up by 20% or down by 20%. The risk-free rate is 5% per annum with continuous compounding. What is the value of a 2-yr European call option with a strike price of $54?

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