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You are given the following information: stock price is $41, strike price is $50, volatility is 30% (annual), risk free interest rate is 8% (annual),

You are given the following information: stock price is $41, strike price is $50, volatility is 30% (annual), risk free interest rate is 8% (annual), dividend yield is 0%, T is 1, h is . Construct a 2-period binomial tree for an American Put Option. Calculate the Put Option price.

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