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News Wire Network has stock outstanding with a current price of $35 per share. The price in one year is expected to be either $40

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News Wire Network has stock outstanding with a current price of $35 per share. The price in one year is expected to be either $40 or $48. A call option on ONE share is avail- able with an exercise price of $30. If the risk-free rate of interest is 6%, what would you pay for the call option? Choose one of the following answers $6.29 $6.50 O $6.70 $7.09

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