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Given the following information about a stock: S0 = $100, = 0.3, r = 0.05, = 0.03, K = 95. Using a three-period forward price

Given the following information about a stock: S0 = $100, = 0.3, r = 0.05, = 0.03, K = 95. Using a three-period forward price binomial tree, find the current price of an American put option with strike $95 and expiring in three years.

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