Question: Building a binomial tree. Consider a risky asset that has a current value of $ 2 5 million and the volatility ( ) for the

Building a binomial tree. Consider a risky asset that has a current value of
$25 million and the volatility () for the asset is 45%.
Please construct a one-year binomial tree for the risky asset with three steps
(t=13).
Show work in excel. Thank you

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