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A stock price is currently $112. The risk-free interest rate is APR 2% with continuous compounding. What is the value of a six-month European put

A stock price is currently $112. The risk-free interest rate is APR 2% with continuous compounding. What is the value of a six-month European put option with a strike price of $115 using two-step binomial option pricing model? Stock price move up by 5% or down by 7% for each three month.

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