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Find the probability of an up movement in a binomial model (proby(u)=(a-d)/(u-d). Given that the time period between nodes is 0.78 part of a year,
Find the probability of an up movement in a binomial model (proby(u)=(a-d)/(u-d). Given that the time period between nodes is 0.78 part of a year, the stock has a standard deviation of 67.7%, and the risk-free rate is 0.12%.
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