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The current stock price stands at $20. Over the next three-month period, it's anticipated to either increase by 10% or decrease by 10%. The xrisk-free

The current stock price stands at $20. Over the next three-month period, it's anticipated to either increase by 10% or decrease by 10%. The xrisk-free interest rate is 10% per year with quarterly compounding.

Utilizing a one-step binomial tree model, determine the fair price of a derivative contract with a payoff given by after three months, where S2T represents the stock price at maturity.

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