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Today's price of Shake Shack ( SHAK ) is $ 4 0 . SHAK does not pay dividends. One year from today, there are two
Today's price of Shake Shack SHAK is $ SHAK does not pay dividends. One year from today, there are two possible states. In the state, the price of SHAK is $ In the state, the price of SHAK is $ The cc riskfree interest rate is two percent. Assume there is no arbitrage. A root derivative has payoffs and What is the price of the root derivative? Round your answer to three decimal places.
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