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question 6. Consider a one-period binomial model in which the current stock price is $79 and can either go up by 17% or down by

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question 6. Consider a one-period binomial model in which the current stock price is $79 and can either go up by 17% or down by 24%. A European put option has a strike price of $75 and expires in one-period. The risk-free rate is 3%. What is the value of the European put option in time 0? Showing your work may result in partial credit

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