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The stock of BillCo is selling for $ 7 2 a share. In one year, the stock will be worth either $ 6 0 or

The stock of BillCo is selling for $72 a share. In one year, the stock will be worth either $60 or $80. The risk-free interest rate is 3%. A call option expiring in one year with an exercise (strike) price of $70 should have a current price of _____.

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