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Suppose the exchange rate is $1.71/. Let r $ = 2%, r = 7%, u = 1.16, d = 0.78, and T = 2. Using

Suppose the exchange rate is $1.71/. Let r $ = 2%, r = 7%, u = 1.16, d = 0.78, and T = 2. Using a 2-step binomial tree, calculate the value of a $1.70-strike American call option on the euro

Please answer without excel

correct answer was $0.1253

EDIT: This question does not need anymore information, everything I have written is all that was provided in the original question.

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