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A European put has an exercise price of $70.00, one year until expiration, and the risk-free interest rate is 4.3% per year. The asset price
A European put has an exercise price of $70.00, one year until expiration, and the risk-free interest rate is 4.3% per year. The asset price is $67.88 and its volatility is 38% per year. According to a two-period binomial option pricing model, what is the options value?
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