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(1 point) For all problems in this section, use the binomial tree model. Unless otherwise stated, assume no arbitrage. A stock is currently priced at

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(1 point) For all problems in this section, use the binomial tree model. Unless otherwise stated, assume no arbitrage. A stock is currently priced at $34.00. In 12 months, its price will be either $38.42 or $36.21. Find the range of the risk-free rate such that this model has no arbitrage opportunities

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