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thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock to either be up

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A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock to either be up 10% or down 10%. The risk-free rate is 1% per annum compounded continuously. Compute the value of a 3-month European put option with a strike price of $155 using the binomial tree approach. Ofs $5.00 $5.00 $8.00

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