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Consider a two-period binomial tree model with u = 1.05 and d = 0.90. Suppose the current price of the stock is $100 and the

Consider a two-period binomial tree model with u = 1.05 and d = 0.90. Suppose the current price of the stock is $100 and the nominal interest rate is 2%. What is the value of an American put with a strike price of $95 that will expire in 146 days?

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