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* European put option- a right to sell at the given strike price K #2. For a multi-period binomial model, we set T-3, So- 100,

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* European put option- a right to sell at the given strike price K #2. For a multi-period binomial model, we set T-3, So- 100, u-1.1, d and R 0.05 0.9, (a) Draw the tree diagram for the stock price dynamics. (b) Find the martingale probability (c) Price the European put option with strike price 110 at time t-3. (d) Determine the hedging portfolio

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