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Could you please solve this question? Thank you! Consider the one-period binomial model with a single risky asset with current price 33. Its price at

Could you please solve this question? Thank you!

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Consider the one-period binomial model with a single risky asset with current price 33. Its price at time one is believed to either rise to 35 or remain at 33. If the riskfree interest rate is 1.5%, what is the price for a put option with strike price 34 on one unit of the risky asset (rounded to second decimal place)

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