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Consider a one-step binomial tree on stock with a current price of $100 that can go either up to $115 or down to $85 in

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Consider a one-step binomial tree on stock with a current price of $100 that can go either up to $115 or down to $85 in 1 year. The stock does not pay dividend and interest rates are zero. Compute the payoff of a 1-year $100-strike European put option on the stock if the stock price ends up at the $115 node of the tree in 1 year

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