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A stock is currently trading at $30. Over the next 3 periods, it is expected to go up by 12% or down by 12%. Assume

A stock is currently trading at $30. Over the next 3 periods, it is expected to go up by 12% or down by 12%. Assume that the risk-free rate of interest is 3% per annum. What is the value of a six-mo...

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