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Use a 3 step binomial tree to value an At the Money Call option. The option expires in 6 months. The interest rate is 10%

Use a 3 step binomial tree to value an At the Money Call option.

The option expires in 6 months. The interest rate is 10% annually continuously compounded. The spot price is 100. U = 1.2 and D = 0.8. Early exercise is possible with this option. Show and explain all of your calculations

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