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14. Show that the cost of a claim with payoff SN (SN K) is 2 0 0 where u = (u + d) (1 +
14. Show that the cost of a claim with payoff SN (SN K) is 2 0 0 where u = (u + d) (1 + i)-11d. 14. Show that the cost of a claim with payoff SN (SN K) is 2 0 0 where u = (u + d) (1 + i)-11d
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