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Please show the calculations 6 0/2 points Consider an American put option (K=$100) expiring in one year on a stock trading for $84. The return

image text in transcribedPlease show the calculations

6 0/2 points Consider an American put option (K=$100) expiring in one year on a stock trading for $84. The return volatility on the stock is 27.3% and the riskless rate is 5%. Find the price of the option using a Binomial Model with two steps. (Respond with two decimal places, such as "-12.34".) 26.59 Correct Answer: 18.28

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