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A stuck price is currently $44. During each three-month peried fer the next six months it is expected to increase by 8% or decrease by

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A stuck price is currently $44. During each three-month peried fer the next six months it is expected to increase by 8% or decrease by 10%. The risk-free interest rate is 6%. Use a two- step tree to calculate the value of a derivative that pays eff (maX(ST-43 },I:J])3 where ST is the stock price in six months

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