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Binomial Model of gasoline in three months at a price of $2.65 per gallon. Gasoline is currently selling on the wholesale market at $2.34 per

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Binomial Model of gasoline in three months at a price of $2.65 per gallon. Gasoline is currently selling on the wholesale market at $2.34 per gallon and has a standard deviation of 62 percent. If the risk-free rate is 6 percent per year, what is the value of this option? 3. Gasworks, Inc., has been approached to sell up to 5 million gallons

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