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Mills Corp. stock is trading at $75 per share. Over the next year the stock could go up to $90 per share or down to

Mills Corp. stock is trading at $75 per share. Over the next year the stock could go up to $90 per share or down to $40 per share. The risk free rate is 5%. Using a binomial pricing model, what is the value of a call option with a strike price of $75 and a put option with a strike price of $55?

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