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In this exercise you are given the number of periods, n = 2; the initial stock price S0 = 80, the up and down multipliers
In this exercise you are given the number of periods, n = 2; the initial stock price S0 = 80, the up and down multipliers u = 1.2, d = 0.8, the strike price X = 100, and the short-term interest rate r = 0.04. Use this information to find the price of a European put option at time t = 0.
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