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. Consider an American put option 5 months from expiration, with spot price 50, strike price 50, a risk free rate of 10%, and volatility

. Consider an American put option 5 months from expiration, with spot price 50, strike price 50, a risk free rate of 10%, and volatility of 40% per annum. Base your computations on a 5-step tree. 16...

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