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The stock price of Copious Corp. is currently $31. The stock price 2 year(s) from now will be either $34 or $28. The annual risk-free

The stock price of Copious Corp. is currently $31. The stock price 2 year(s) from now will be either $34 or $28. The annual risk-free rate is 6.9%. Using the binomial model, what is the value of a call option with an exercise price of $31 and an expiration date 2 year(s) from now?

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