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If the price process of (Sn) n=0,1,...,N follows the geometric binomial model, find the probability that stock goes up a) three times in the first
If the price process of (Sn) n=0,1,...,N follows the geometric binomial model, find the probability that stock goes up
a) three times in the first five days, given that it went up twice in the first three days.
b) twice in the first three days, given that it goes up three times in the first five days.
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