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A stock price is currently $50. Over each of the next two three-month periods it is expected to go up by 6% or down by

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A stock price is currently $50. Over each of the next two three-month periods it is expected to go up by 6% or down by 5%. The risk-free interest rate is 5% per annum with continuous compounding. What is the value of a six-month European put with a strike price of $51 ? Write the "p" that you used here: (4 decimal places) Stock Price Tree Enter the stock price path tree above in the graphic and the option prices below

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