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Consider a 1-year, American put option. The current price of the underlying (Sa) is equal to $200 and the put has a strike price (K)

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Consider a 1-year, American put option. The current price of the underlying (Sa) is equal to $200 and the put has a strike price (K) of $190. The annual risk-free rate is 6% and there are no dividends. The value of u is 1.15 and dis 85. For this entire set of questions, use a two-period Binomial option pricing framework. What is the price of this put option

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