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The current price of a non-dividend paying stock is $60 with a volatility of 20%. A six-month put option has a strike price of $55.
The current price of a non-dividend paying stock is $60 with a volatility of 20%. A six-month put option has a strike price of $55.
A. what is the value of this option using a two step binomial tree and assuming its a European style
B. use a two step tree to value the option but American style
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