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You are attempting to value a call option with an exercise price of $150 and one year to expiration. The underlying stock pays no dividends,

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You are attempting to value a call option with an exercise price of $150 and one year to expiration. The underlying stock pays no dividends, its current price is $150, and you believe it has a 50% chance of increasing to $200 and a 50% chance of decreasing to $100. The risk-free rate of interest is 10%. What's the call option's value using the two-state stock price model? 7

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