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XYZ stock is a non-dividend paying stock trading at $198. Calculate the price of a nine-month $200 XYZ call option if the risk-free rate is

XYZ stock is a non-dividend paying stock trading at $198. Calculate the price of a nine-month $200 XYZ call option if the risk-free rate is 8% per annum and the volatility is 30% per annum. Use a binomial tree with a time step of three months to answer this question

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