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Valuing a European put: Suppose the current price of TIR is DKK 50 per share. In each of the next two years, the stock price

Valuing a European put: Suppose the current price of TIR is DKK 50 per share. In each of the next two years, the stock price will either increase by 20% or decrease by 10%. The 3% one-year risk-free rate of interest will remain constant. Calculate the price of a two-year European call option on TIR with strike price DKK 60.

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