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A stock is selling for $65. The risk-free rate is 5.0% and volatility of the stock returns is 30%. Using a two steps binomial tree,
A stock is selling for $65. The risk-free rate is 5.0% and volatility of the stock returns is 30%. Using a two steps binomial tree, the highest possible stock price in 12 months (Suu), is _____________.
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