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An asset follows a binomial model every six months ( length of each period ) . The current price is 6 0 . the US

An asset follows a binomial model every six months(length of each period). The current price is 60. the US risk-free rate is 1% and the volatility of the asset is 30% per annum. What is the early exercise privilege premium of a one year American lookback on the maximum option?

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