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The stock price of Copious Corp. is currently $30. The stock price a year from now will be either $32 or $27. The annual risk-free

The stock price of Copious Corp. is currently $30. The stock price a year from now will be either $32 or $27. The annual risk-free rate is 3.7%. Using the binomial model, what is the value of a call option with an exercise price of $30 and an expiration date 1 year(s) from now

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