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You are given a binomial model with n=2, S(0)=$15, K=$16, r=7%, T=1, =4%, and =0.3 a.) Find u and d and the risk neutral probability

You are given a binomial model with n=2, S(0)=$15, K=$16, r=7%, T=1, =4%, and =0.3

a.) Find u and d and the risk neutral probability p*.

b.) Find the price of an American call option.

c.) Find the price of an American put option.

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