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Suppose that Stock XYZ is currently trading at $50 and does not pay any dividends. Using a Cox-Ross-Rubinstein binomial tree with two periods, we would

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Suppose that Stock XYZ is currently trading at $50 and does not pay any dividends. Using a Cox-Ross-Rubinstein binomial tree with two periods, we would like to price an American call option written on this stock with a strike price of $40. Assume that the binomial tree parameters are: u= 1.07, and e-rat = 0.99. . What is the value of q? 0.8888 0.2121 0.5577 0.7766

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