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Consider a one-period binomial model for pricing American put options with h = 1, sigma = 0.3 where S = 90. Use the fact that

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Consider a one-period binomial model for pricing American put options with h = 1, sigma = 0.3 where S = 90. Use the fact that option prices are nonnegative and the put-call parity to show that there is no early exercise if r = 0 and delta = 0.08 for any given strike K

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