16.13. In Problem 16.12, what value does the binomial tree give for a six-month European put option...
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16.13. In Problem 16.12, what value does the binomial tree give for a six-month European put option on futures with a strike price of 60? If the put were American, would it ever be worth exercising it early? Verify that the call prices calculated in Problem 16.12 and the put prices calculated here satisfy put−call parity relationships.
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