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The current price of a stock is $100 and has a volatility of 20%. The risk-free rate is 5%. Value a European two- year call

The current price of a stock is $100 and has a volatility of 20%. The risk-free rate is 5%. Value a European two- year call option with a strike price of 70 using a four-step tree. Answer the same question for a European put option. (Show the calculations)

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