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For an American put option, where the put may be exercised at any time (from the time of purchase until maturity). Using a 1-step binomial
For an American put option, where the put may be exercised at any time (from the time of purchase until maturity). Using a 1-step binomial tree, what is the puts current value?
K $25.16
T 0.5
S0 $23.35
r 4.5%
u 1.03
d 0.97
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