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Let's say the shares of a stock are currently priced at $61. The future price is estimated at either $52 or $62. The risk-free rate

Let's say the shares of a stock are currently priced at $61. The future price is estimated at either $52 or $62. The risk-free rate of return is 4%. What is the value of a twelve-month call option with a strike price of $55?

$6.00 $12.00 $6.19 $7.70 $5.48

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