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The current price of a non-dividend-paying stock is $30, with a return volatility of 20% per annum. A call option written on the stock matures

The current price of a non-dividend-paying stock is $30, with a return volatility of 20% per annum. A call option written on the stock matures in one year. The strike price is $32. The risk-free rate is 8%. What will the option be worth in a two-step binomial model?

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