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The stock price of Copious Corp. is currently $32. The stock price a year from now will be either $32 or $28. The annual risk-free

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The stock price of Copious Corp. is currently $32. The stock price a year from now will be either $32 or $28. The annual risk-free rate is 3.0%. Using the binomial model, what is the value of a call option with an exercise price of $32 and an expiration date 3 yearfs) from now

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