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Problem 2. A stock currently sells for 40 and follows a single-period binomial model. One period from now, the stock will sell for either 70

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Problem 2. A stock currently sells for 40 and follows a single-period binomial model. One period from now, the stock will sell for either 70 or 20. A call option written on this stock expires in one period, has a strike price of 50, and currently sells for 8. What is the continuously compounded interest rate r for the period

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