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Money Inc. currently has a stock price of $50. A 1-year call option has an exercise price of $60. The price will either fall to

Money Inc. currently has a stock price of $50. A 1-year call option has an exercise price of $60. The price will either fall to $30 or will rise to $80. The 1-year rate of interest is 6%. Use risk-neutral valuation or the binomial method to get the current value of the call.

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