Question: In a one stage binomial tree, using CRR assumptions, what is the risk neutral probability, p ( rounding to three decimal places ) , when:

In a one stage binomial tree, using CRR assumptions, what is the risk neutral
probability, p (rounding to three decimal places), when:
(i) the risk-free rate is 1%
(ii) the time step for the tree is one month (dt=1/12)
(iii) the stock has annualized volatility of 30% per annum?

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