Question: For a stock price following a binomial process, the up factor U = 1.1, the down factor D = 0.9, the dollar return (1 +

For a stock price following a binomial process, the up factorU= 1.1, the down factorD= 0.9, the dollar return (1 +R) = 1.05 percent (per period), and the initial stock price is 100. The probability that the stock will have 18 up movements and 2 down movements is:

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