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Consider pricing European options on a stock with an initial price of $137 and a strike price of $13/. The options mature in 6 months,

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Consider pricing European options on a stock with an initial price of $137 and a strike price of $13/. The options mature in 6 months, and the risk-free rate of interest is 3.5% per annum. The volatility is =0.81. If a 30 period binomial tree is to be used, then the up move, u, in the stock price using the Jarrow-Rudd (JR) solution is:: 0.90071 0.89632 1.10482 1.11023

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