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You want to buy an American Put on a company with a strike price of $290. The company is trading for $282.12, has a u

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You want to buy an American Put on a company with a strike price of $290. The company is trading for $282.12, has a u of 1.15 and a d of 0.87. The risk-free rate is 1% per period. Use a two-period binomial model. What is the most you should pay for that put

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