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Use a binomial tree. show work for how you got each value of the tree. A stock price is currently $50. Over each of the

Use a binomial tree. show work for how you got each value of the tree.

A stock price is currently $50. Over each of the next two - three month periods it is expected to go up by 6% or down by 5%. The risk free interest rate is 5% per annium with continuous compounding. What is the value of a six month European call option with the strike price of $51?

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