Question: Please explain steps and please input how I shall put in the calculator. Question 9 O out of 1 points = = Suppose the exchange
Please explain steps and please input how I shall put in the calculator.

Question 9 O out of 1 points = = Suppose the exchange rate is $1.14/C$. Letrs 7%, r s = 4%, u= 1.33, d = 0.79, and T = 1.5. Using a 2-step binomial tree, calculate the value of a $1.20-strike American put option on the Canadian dollar. Selected Answer: $0.1823 X c. Answers: $0.1434 a. b. $0.1511 $0.1823 c. d. $0.1592 $0.1621 e. Question 9 O out of 1 points = = Suppose the exchange rate is $1.14/C$. Letrs 7%, r s = 4%, u= 1.33, d = 0.79, and T = 1.5. Using a 2-step binomial tree, calculate the value of a $1.20-strike American put option on the Canadian dollar. Selected Answer: $0.1823 X c. Answers: $0.1434 a. b. $0.1511 $0.1823 c. d. $0.1592 $0.1621 e
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