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Consider a European call option on a non - dividend - paying stock where the stock price is $ 3 0 , the strike price

Consider a European call option on a non-dividend-paying stock where the stock price is $30, the strike price is $35, the risk-free rate is 4% per annum, the volatility is 40% per annum, and the time to maturity is eight months. Calculate the parameters u, d and p for a binomial tree.

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