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Consider a 1-period American-style put option on a stock currently priced at $66. The strike price of the put option is 570 and the stock

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Consider a 1-period American-style put option on a stock currently priced at $66. The strike price of the put option is 570 and the stock pays no dividends. Over the next period, the stock price will either move up by 15% or down by 10% (relative to its initial price). The risk-free rate over the 1 period is 6%, What is the fair price of this put option, using a 1.period BOPM? Make sure and also report what is the value of the 'p' (lower case) in the BOPM equation

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