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1 An up-and-in European call with barrier $40 and strike $30 expires in three time steps and has underlying asset described by CCR notation S

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An up-and-in European call with barrier $40 and strike $30 expires in three time steps and has underlying asset described by CCR notation S = 30 u = 1.1 and d = 0.8 This call has a premium equal to an otherwise identical down-and-out European call. vanilla European call up-and-out European call. down-and-in European call

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