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Price the following option: Option type European futures call option Time to expiration 6 months Strike price $20 Current futures price $19 Volatility of futures

Price the following option:

Option type European futures call option
Time to expiration 6 months
Strike price $20
Current futures price $19
Volatility of futures 20%
Risk-free rate 12%
Pricing model 500-step binomial model

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