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The current price of a non-dividend paying stock is $100. Use atwo-step Binomial tree to value a European cash-or-nothing optionon the stock that expires in

The current price of a non-dividend paying stock is $100. Use atwo-step Binomial tree to value a European cash-or-nothing optionon the stock that expires in 6 months and will then pay out $200 ifth 2 answers

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