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An American put option to sell a swiss franc for dollars has a strike price of $0.8 and a time to maturity of 1 year.

An American put option to sell a swiss franc for dollars has a strike price of $0.8 and a time to maturity of 1 year. The volatility of swiss Francs is 10%, the dollar interest rate is 6%, the swiss franc interest rate is 3%, and the current exchange rate is 0.81. Use a 3 time step tree to value the option.

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