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the current price of a stock is $22. in 1 year, the price will be either $31 or $16. the annual risk free rate is

the current price of a stock is $22. in 1 year, the price will be either $31 or $16. the annual risk free rate is 3 percent. find the price of a call option on the stock that has a strike price of $25 and that expires in 1 year

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