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Following is a two-period price tree for a share of stock in SAB Corp.: Suppose after 2 yrs, the stock price is twice as likely

Following is a two-period price tree for a share of stock in SAB Corp.:

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Suppose after 2 yrs, the stock price is twice as likely to be 36.30, compared to 29.70 or 24.30. What is the expected payoff on maturity date for a call option with strike price $28?

36.30 29.70 24.30 33.00 30 27.00

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