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The firm's stock price is 10.34 and could go up by 20% or fall by 10% over the next year. The risk-free rate is 0.21%.

The firm's stock price is 10.34 and could go up by 20% or fall by 10% over the next year. The risk-free rate is 0.21%. the strike price of the European call option is 7.34. Find the price of a European call option on the stock with a maturity of 1 year (Use either the binomial or the risk-neutral method).

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