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Question 9 (of 12) 9 value: 10.00 points You are attempting to value a call option with an exercise price of $109 and 1 year

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Question 9 (of 12) 9 value: 10.00 points You are attempting to value a call option with an exercise price of $109 and 1 year to expiration. The underlying stock pays no dividends, its current price is $109, and you believe it has a 50% chance of increasing to $127 and a 50% chance of decreasing to $91. The risk-free rate of interest is 10%, Calculate the call option's value using the two-state stock price model. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response. Call option's value References eBook&Resources Worksheet Difficulty: 2 Intermediate Check my work

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