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Stock in CRR corp has been found to have a volatility of 30%. The risk-free rate is 6% (annual, continuously compounded), and the current

Stock in CRR corp has been found to have a volatility of 30%. The risk-free rate is 6% (annual, continuously compounded), and the current stock price is 50. The stock does not pay dividends. Using the CRR model, calculate the price of a one-year European call with a strike price of 55 using a period length of 4 months.

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