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Let S = $40, K = $45, r = 3% (continuously compounded), T = 0.5, and d = 0. Let u = 1.2, d =

Let S = $40, K = $45, r = 3% (continuously compounded), T = 0.5, and d = 0. Let u = 1.2, d = 0.7, and n = 1. Calculate the value of a European put if D = 0.850000 and B = 40.1926

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