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The price of one share is currently $60.00. During each one of the next two four-month periods, it is expected to rise 15% or down

The price of one share is currently $60.00. During each one of the next two four-month periods, it is expected to rise 15% or down 15%. The risk-free interest rate is 10% annual with continuous capitalization. What is the value of an option? European and American PUT in 8 months whose strike price is $65?

use binomial tree

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