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Suppose: An European call option has an underlying asset which is currently selling at Rm 20. This call option on the stock has a RM

Suppose: An European call option has an underlying asset which is currently selling at Rm 20. This call option on the stock has a RM 15 exercise price and one year maturity. This underlying assets can change two times within its maturity with the probability of 50%. For each change, the underlying asset will fluctuate up to 5%. The current T-Bills is 4%. Calculate the call value.

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