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Consider the foreign currency option. The current exchange rate is 40. The domestic interest rate is 3%, and the foreign interest rate is 1%. The

Consider the foreign currency option. The current exchange rate is 40. The domestic interest rate is 3%, and the foreign interest rate is 1%. The volatility rate is 15%, and the time to expiration is 3-year. Value American-style put option with 45 exercise price and knock-out barrier of 46. Please use a time increment of one year in the binomial method.

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