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Using a binomial tree, calculate the price of a $40 strike 6-month call option, using 3-month intervals as the time period. Assume the following data:

Using a binomial tree, calculate the price of a $40 strike 6-month call option, using 3-month intervals as the time period. Assume the following data: S = $37.90, r = 5.0%, ? = 30%.

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