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PLEASE ROUND THE ANSWER TO 2 DECIMAL PLACES. THANK YOU You are attempting to value a call option with an exercise price of $100 and

PLEASE ROUND THE ANSWER TO 2 DECIMAL PLACES. THANK YOU
You are attempting to value a call option with an exercise price of $100 and one year to expiration. The underlying stock pays no dividends, its current price is $100, and you believe it has a 50% chance of increasing to $124 and a 50% chance of decreasing to $76. The risk-free rate of interest is 8%. Calculate the call option's value using the two-state stock price model. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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