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The stock price of Copious Corp. is currently $32. The stock price 2 year(s) from now will be either $32 or $28. The annual risk-free
The stock price of Copious Corp. is currently $32. The stock price 2 year(s) from now will be either $32 or $28. The annual risk-free rate is 5.3%. Using the binomial model, what is the value of a call option with an exercise price of $32 and an expiration date 2 year(s) from now?
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