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Problem 4. [5 p. ] Find the probability that, in the binomial model, a call option finishes in the money, i.e. find P(S(T) >

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Problem 4. [5 p. ] Find the probability that, in the binomial model, a call option finishes in the money, i.e. find P(S(T) > K), where T = N and N 21 is a fixed integer. Hint: Your answer must be then an expression depending on N, K and p, where p is the probability of stock

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