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5.1. Suppose that a binomial tree has an initial price of $80. If the tree has 21 periods, then is $80 one of the possible

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5.1. Suppose that a binomial tree has an initial price of $80. If the tree has 21 periods, then is $80 one of the possible prices at time t21? If the tree has 300 periods, then is $80 one of the possible prices at time tsoo? Justify your answers. 5.1. Suppose that a binomial tree has an initial price of $80. If the tree has 21 periods, then is $80 one of the possible prices at time t21? If the tree has 300 periods, then is $80 one of the possible prices at time tsoo? Justify your answers

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