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(c) [3 marks) An Asian put option has a payoff max(K - Save, 0) where Save is the average value of the stock over time,
(c) [3 marks) An Asian put option has a payoff max(K - Save, 0) where Save is the average value of the stock over time, i.e. Su+$+$, Calculate the value of an Asian option on the above stock (there is no possibility of early exercise). (c) [3 marks) An Asian put option has a payoff max(K - Save, 0) where Save is the average value of the stock over time, i.e. Su+$+$, Calculate the value of an Asian option on the above stock (there is no possibility of early exercise)
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