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The Call option on the stock has a $13 exercise price and one-year maturity. The volatility of the stock is 10%. The probability of an

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The Call option on the stock has a $13 exercise price and one-year maturity. The volatility of the stock is 10%. The probability of an up or down movement is an equal 50%. The risk-free interest rate is 6% per annum The current stock price is $13. Stock movement is 2 times a year. Value the premium of the option based on Binomial Model

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