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A stock is currently selling for $39. In one period, the stock will move up...

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Finance

A stock is currently selling for $39. In one period, the stock will move up by a factor of 1.29 or down by a factor of 0.53. A call option with a strike price of $50 is available. If the risk-free rate of interest is 2.5 percent for this period, what is the value of the call option?
Note: Do not round intermediate calculations. Round your answer to 2 decmal places.
Value of the call option
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