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Two states of nature in the future period, A and B, have the state prices 0.33 and 0.55 today, respectively. In this world, a stock
Two states of nature in the future period, A and B, have the state prices 0.33 and 0.55 today, respectively. In this world, a stock is traded at price 15 currently, which will rise to 18 if A occurs. What will be its price if B occurs? (Write the price up to three decimal places.)
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