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Excel Online Structured Activity: Binomial Model The current price of a stock is 518. In 1 year, the price will be either $26 or $16.

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Excel Online Structured Activity: Binomial Model The current price of a stock is 518. In 1 year, the price will be either $26 or $16. The annual risk-free rate is 3%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet Find the pnce of a call option on the stock that has a strike price is of $24 and that expires in 1 year. (Hint: Use daily compounding.) Assume 365 day year. Do not round intermediate calculations. Round your answer to the nearest cent. Check My Work Reset

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