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Shares of Bluumberry & Co are currently trading at 4 5 per share with volatility of 2 0 % . The share is expected to

Shares of Bluumberry & Co are currently trading at 45 per share with volatility of 20%. The share is expected to pay a dividend of 5 in 2 months time. The risk-free rate of interest in
the economy is 5%.
Calculate the price of a call option if it is American-style using the binomial tree method with an exercise price of 47 and maturity of 3 months.

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