Question: QUESTION 3 3. Consider an American put option with X = 80 dollars expiring at time 2 on a stock with S(0) = 80 dollars

QUESTION 3 3. Consider an American put option with X = 80 dollars expiring at time 2 on a stock with S(0) = 80 dollars in a binomial model with u = 0.2, d= -0.1, and r = 0.05. Find the American put option price
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