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Please show all steps Let's say you are long 1000 ATM put options in a one-period binomial tree. The underlying asset, Silver, is trading for

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Let's say you are long 1000 ATM put options in a one-period binomial tree. The underlying asset, Silver, is trading for $1,800/unit currently and you expect that over the next period it will either go up by 10% or down by 16%. The risk free rate is 3%. How many shares do you need to buy to create a risk free portfolio? Provide your answer rounded to the nearest integer

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