A share price is currently $92. At the end of one year, it will be either $86

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A share price is currently $92. At the end of one year, it will be either $86 or $98. Calculate the value of a one-year European call option with exercise price $90 using a single-step binomial tree. The risk-free interest rate is 2% p.a. with continuous compounding. You must use both the methods of setting up the delta-hedged portfolio, and the risk-neutral probability method.

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