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Stock of Apple is currently selling at $143. Suppose in the next six months it can increase by 10% or decrease by 5%. The risk-free

Stock of Apple is currently selling at $143. Suppose in the next six months it can increase by 10% or decrease by 5%. The risk-free interest rate is 1% per six month period. Use the one period binomial option pricing model to value a European call option with strike price of $140 and time to maturity of six months.

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