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Please work in excel. Thank you A stock has two possible ending prices: $40 and $32. Its current price is $25. The risk-free rate for

Please work in excel. Thank you

A stock has two possible ending prices: $40 and $32. Its current price is $25. The risk-free rate for the period is 5%. A European PUT option written on the stock has an exercise price of $24. Use one period Binomial Model to determine (a) hedge ratio, (b) the ending value of hedged portfolio and (c) the current value of the PUT option.

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