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Compute the value of an American put expiring at time 3 with strike price K = 62 on a stock with initial value S(0) =
Compute the value of an American put expiring at time 3 with strike price K = 62 on a stock with initial value S(0) = 60 in a binomial model with U = 0.1, D = 0.05 and R = 0.03.
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