Question: Use the Binomial or risk-neutral method (with Excel, if you wish) to find the price of a European call option expiring in 1 year, given

Use the Binomial or risk-neutral method (with Excel, if you wish) to find the price of a European call option expiring in 1 year, given that the strike price is $5 less than the current price of $80, interest rate is 5%, and volatility is 0.3.

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