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Given an initial price 132.27, standard deviation of 0.29, time change of 0.7, and an annual risk-free rate of 0.008, find the price of a
Given an initial price 132.27, standard deviation of 0.29, time change of 0.7, and an annual risk-free rate of 0.008, find the price of a down movement in a binomial pricing tree. (Answer should be to 2 decimal places, 1.32)
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