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A stock is currently priced at $49 and will move up by a factor of 1.15 or down by a factor of .63 each period
A stock is currently priced at $49 and will move up by a factor of 1.15 or down by a factor of .63 each period over each of the next two periods. The risk-free rate of interest is 3 percent. What is the value of a put option with a strike price of $55?
Please do it in excel and show formula.
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