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A non-dividend paying stock currently sells for $30. Its price after one year is modeled using a 1-period binomial tree, with the possible prices of

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A non-dividend paying stock currently sells for $30. Its price after one year is modeled using a 1-period binomial tree, with the possible prices of $40 and $25. For a 35-strike put on the stock, determine the amount of money borrowed in the replicating portfolio. Please be clear whether you are answering with an amount lent or an amount borrowed

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