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Calculate the price of a 3-month American put option on a dividend-free stock with a share price of $50 strike price of $49, a risk-free

Calculate the price of a 3-month American put option on a dividend-free stock with a share price of $50 strike price of $49, a risk-free rate of 12% per annum, and volatility of 30% per annum. Use The Cox-Ross-Rubinstein market model with 1 month duration.

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