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legraph Adobe Acabat Styles Editing Chapters 8 and 25: Financial Options and Real Options 15. The current price of a stock is $22, and at the end of one year its price will be either $29 or $15. The annual risk-free rate is 5.0%, based on daily compounding. A l-year call option on the stock, with an exercise price of $23, is available. Based on the binominal model, what is the option's value? (5 points)