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Multi Step Binomial Tree: Consider again the at-the-money European call option with six months left to maturity written on a non-dividend paying stock. Let today's

Multi Step Binomial Tree: Consider again the at-the-money European call option with six months left to maturity written on a non-dividend paying stock. Let today's stock price be 80 kr and the stock volatility be 35% (Interest rate is 8%.)

(a) Construct a six-step Binomial tree for the stock.

(b) Use your stock tree in exercise (a) to calculate today's price of the European call.

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