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For a 6-month European put option on a stock, you are given: (i) The stock price is 150 (ii) The strike price is 160 (iii)

image text in transcribed For a 6-month European put option on a stock, you are given: (i) The stock price is 150 (ii) The strike price is 160 (iii) u=1.3 and d=0.7 (iv) The continuously compounded risk-free rate is 6% (v) There are no dividends The option is modeled with a 2 -period binomial tree. Determine the option premium. Select one: A. 37.9890 B. 39.4975 C. 35.4565 D. 30.2985 E. 32.3464

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