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solve using excel A European binary put option has a payoff of $1 when the option is in the money (K >= ST) and a

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A European binary put option has a payoff of $1 when the option is in the money (K >= ST) and a payoff of $0 when the option is out of the money (K= ST) and a payoff of $0 when the option is out of the money (K

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