Question: ............ 1. Let 80,Sl,...,SN be a price process in the Nperiod binomial model, with parameters r,u?d,p,q?3 and a all having their usual meanings. Suppose that

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............ 1. Let 80,Sl,...,SN be a price process in the Nperiod binomial

1. Let 80,Sl,...,SN be a price process in the Nperiod binomial model, with parameters r,u?d,p,q?3 and a all having their usual meanings. Suppose that d

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