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please show steps Price a put option with a one-step binomial tree. Suppose So=50, X=40, 1+r=1.06. The u factor is 1.4 and the d factor

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Price a put option with a one-step binomial tree. Suppose So=50, X=40, 1+r=1.06. The u factor is 1.4 and the d factor is 0.6. Show the steps. BI U ABES | A A

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