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Apex. Inc., stock is currently priced at $40. Use a two-step binomial tree model to find the value of an American Put on the stock

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Apex. Inc., stock is currently priced at $40. Use a two-step binomial tree model to find the value of an American Put on the stock that has an exercise price, X = $45, and T = 2. You also need the following information: U = 1.25 per step D = 0.85 per step R = 1.09 per step

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