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The information provided is relevant in the context of a one period (one year) binomial option pricing model. A stock currently trades at $50 per

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The information provided is relevant in the context of a one period (one year) binomial option pricing model. A stock currently trades at $50 per share, and a call option on the stock has an exercise price of $45. The stock is equally likely to rise by 25 percent or fall by 25 percent. The one-year, risk-free rate is 2 percent. Calculate the up price of the stock one year from today

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