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1. An exchange rate has a volatility of 12%. The domestic and foreign risk-free interest rates are both 4%, respectively. The time step on a

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1. An exchange rate has a volatility of 12%. The domestic and foreign risk-free interest rates are both 4%, respectively. The time step on a binomial tree is three months. (i) 'What are the P , U and d parameters for a Cox, Ross, and Rubinstein tree?I lGive four decimal places

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