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An Arrow-Debreu security matures in three time-steps. This security pays $1 at node (3,2). If the return over one time-step is R = 1.07 and

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An Arrow-Debreu security matures in three time-steps. This security pays $1 at node (3,2). If the return over one time-step is R = 1.07 and the risk-neutral probability of the up-state is 7 = 0.5, then what is the premium of the Arrow-Debreu security

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