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A vanilla European put matures in two time steps. At node (2,1) this vanilla put has value P(2,1)=$1.69 and the underlying asset has value S(2,1)=$33.
A vanilla European put matures in two time steps. At node (2,1) this vanilla put has value P(2,1)=$1.69 and the underlying asset has value S(2,1)=$33. Consider an otherwise identical down-and-in European put with barrier B=$44. What is the value of the down-and-in put at node (2,1)
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