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(b) What is the mean and variance of a stock's price after 8 time periods with initial price So = $100 and parameters u =

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(b) What is the mean and variance of a stock's price after 8 time periods with initial price So = $100 and parameters u = 1.01, d =0.99, and p=0.51? (c) Refer to (b), approximate the probability that the stock's price will be up at least 30% after 1000 time periods

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