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Assuming a stock currently trades at $50, the risk-free interest rate is 3.125%. If a call option with a strike price of $53.50 has a

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Assuming a stock currently trades at $50, the risk-free interest rate is 3.125%. If a call option with a strike price of $53.50 has a volatilty of 20%, and the time to expiration is six months, what is the put option price using a one-step binomial tree? Assume the up and down factors are 1.2 and .95, respectively, $3.50 $4.35 $3.68

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