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In the general one-period model the the share price starts at S(0) and at time T is either SH or SL. Assume interest rates are

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In the general one-period model the the share price starts at S(0) and at time T is either SH or SL. Assume interest rates are 0. Let q be the risk-neutral probability of S(0) going to SH at time T. C and P are European options both with strike K and expiration T where C is a call option and P is a put option. (a) Calculate the value of the portfolio H consisting of long C and short P. (b) Explain why the value of this portfolio is independent from

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