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DMQ3: Consider a stock with current price S=100. Each MONTH the stock price can increase or decrease by 10%. Find the price of ONE YEAR

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DMQ3: Consider a stock with current price S=100. Each MONTH the stock price can increase or decrease by 10%. Find the price of ONE YEAR AMERICAN PUT option with strike price of X=110 if risk-free interest rate is equal to 2%. Please, use Excel for your calculations and do not round (or, if you have to round, keep 8 decimal digits)

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