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6. Suppose four-period ATM European average call, whose underlying stock price of $100 with a degree of up and down movements of 20% and 10%

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6. Suppose four-period ATM European average call, whose underlying stock price of $100 with a degree of up and down movements of 20% and 10% for each year respectively. The risk-free annual rate is 5%. The average price is calculated from the initial date

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