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The current price of a stock is $ 2 1 . In 1 year, the price will be either $ 2 9 or $ 1
The current price of a stock is $ In year, the price will be either $ or $ The annual riskfree rate is Find the price of a call option on the stock that has a strike price of $ and that expires in year. Hint: Use daily compounding. Assume a day year. Do not round intermediate calculations. Round your answer to the nearest cent.
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