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I need an explanation, excel form would be better, thanks An American put has underlying asset described by CRR notation S=$21, u=1.4 and d=0.7. This

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I need an explanation, excel form would be better, thanks

An American put has underlying asset described by CRR notation S=$21, u=1.4 and d=0.7. This put has strike $21 and expires in three time steps. For return R=1.04, what is the premium of this put

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