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Suppose the exchange rate is $ 0 . 6 5 A $ . Let r $ = 7 % , r A $ = 5

Suppose the exchange rate is $0.65A$. Let r$=7%,rA$=5%,u=1.3,d=0.8, and T=1.5. Using a 2-step binomial tree, calculate the value of a $0.75 strike European put option on the Australian dollar.
ANSWER IS $0.1303. Please show all steps and calculations no excel.
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