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5. Use the Binomial tree model to price an American Put option written on your assigned company. All other contract specifics and risk-free rate

5. Use the Binomial tree model to price an American Put option written on your assigned company. All other contract specifics and risk-free rate are same as in Question 4. Compare this to the Black-Scholes price of a European Put option and comment on differences. Is it ever optimal to exercise your option early? (Lecture 7&8)

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