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Consider a binomial world in which the current stock price of 80 can either go up by 3. 8 percent in one year. The risk-free

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Consider a binomial world in which the current stock price of 80 can either go up by 3. 8 percent in one year. The risk-free rate is 4 percent. Assume aovengeriod world. ser the following questions about a put with an exercise price of 80. (14 points)

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