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A stock's price is currently $145. Over each of the next two four-month periods it is expected to go up by 5% or down by

A stock's price is currently $145. Over each of the next two four-month periods it is expected to go up by 5% or down by 6%. The risk-free interest rate is 4% per annum with continuous compounding. What is the risk-neutral probability for an up movement?

A.

0.6342
B.

0.7447
C.

0.5936
D.

0.6675

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