Please refer to the following binomial lattice term structure model, and then answer the following questions. Compute P [3,2] , which is the Arrow-Debreu security, paying 1 dollar at time 3 and state 2 (refer to the node with interest rate 8.44% on the graph).

2. Please refer to the following binomial lattice term structure model, and then answer the following questions. 0 / 1 point 11.72% 9.38% 8.44% 7.5% 6.75% 6.08% P 6.0% 5.4% + 4.86% 4.37% (1 - The upper probability is: p = 0.5 Compute P321, which is the Arrow-Debreu security, paying 1 dollar at time 3 and state 2 (refer to the node with interest rate 8.44% on the graph). Round your answer to the fourth decimal place. 3 X Incorrect