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Question 1 1 pts The current price of a non-dividend paying stock is $30. Use a two-step tree to value a European put option on

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Question 1 1 pts The current price of a non-dividend paying stock is $30. Use a two-step tree to value a European put option on the stock with a strike price of $32 that expires in 6 months. Each step is 3 months, the risk free rate is 8% per year with continuous compounding, and u = 1.1 and d = 0.9. 2.24 2.44 2.64 2.84

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