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Lets assume the current stock price is 80. In each of the next 3 months period, stock prices can either go up by 10 percent

Lets assume the current stock price is 80. In each of the next 3 months period, stock prices can either go up by 10 percent or go down by 10 percent. If the risk-free interest rate is 8 percent, calculate the premium of a 6-month call option using a two-step binomial option pricing method. Assume the strike price is 80

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