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D | Question 10 2 pts The price of Ervin Corp. stock will either be $63 or $82 at the end of the year. Call

D | Question 10 2 pts The price of Ervin Corp. stock will either be $63 or $82 at the end of the year. Call options are available with one year until expiration. Continuously compounded T-bills currently yield 3.59 Suppose the current price of Ervin stock is $76 What is the value of the call option if the strike price is $75 per share? (Round answer to 2 decimal places. Do not round intermediate calculations). Topic: Two-State Binomial Option Pricing

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