Question: Make three modifications to the example in Question 4 and then reanalyze the problem. The three changes are: 1. Change the up-move to 15 percent

Make three modifications to the example in Question 4 and then reanalyze the problem.

The three changes are:

1. Change the up-move to 15 percent from 25 percent and the down-move to –13 percent from –20 percent.

2. Change the probability of an up-move to 46.51 percent from 44.45 percent. 

3. Change the required rate of re- turn to 10 percent from 20 percent.

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