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Use the binomial option pricing model to price a call option. The option has a maturity of one year and a strike price of $95.125.

Use the binomial option pricing model to price a call option. The option has a maturity of one  year and a strike price of $95.125. The current one year rate is 3% and it could either go up 100bp or down to 50bps from the one year rate Each rate has a 50-50 chance of occurring. Your answer  should be in dollars out two decimal points (ie. $X.XX) 

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