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5- Consider a twoperiod binomial tree model with u = 1.1 and d = [1.913. Suppose the current price of the stock is $50 and

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5- Consider a twoperiod binomial tree model with u = 1.1 and d = [1.913. Suppose the current price of the stock is $50 and the nominal interest rate is 2%. 'What is the value of an American put with a strike price of $60 that will expire in 3 months

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