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The stock price of a company today is $30. Suppose that, a year from now, the stock is worth either $45 or $15. Assume that

The stock price of a company today is $30. Suppose that, a year from now, the stock is worth either $45 or $15. Assume that the risk-free rate between today and a year from now is 10% annually. Consider a European call option written on one share of this company, which has a $34 strike price and which matures a year from now. What is the value of this call option?

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