Question: A stock S ( 0 ) = 1 0 0 will go up to 1 0 5 or down to 9 5 in one time

A stock S(0)=100 will go up to 105 or down to 95 in one time step (time
T. Suppose erT=1.025. What is the present value of a put option with
strike K=99 and expiry T?
A stock S(0)=100 will go up to 105 or down to

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