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Suppose a non-dividend paying stock is trading at $175 per share and has a volatility of 45%. What is the fair price of a 3-month

Suppose a non-dividend paying stock is trading at $175 per share and has a volatility of 45%. What is the fair price of a 3-month European call option with a strike price of $190 per share using 1 binomial period? Assume the risk-free rate is 1%. Round to the nearest $0.01.

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