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You as an option broker would like to quotes an OTC plain vanilla call option to your client by given the probability of the stock

You as an option broker would like to quotes an OTC plain vanilla call option to your client by given the probability of the stock price going up is 2/3. If the current risk-free rate is 5%, calculate a three-period at-the-money call option that written on a USD25 stock that can go up or down by time value of 15% each period. (Hint: Use binomial model)

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