> Question 7 1 pts A European put has strike $18 and expires in three time...
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> Question 7 1 pts A European put has strike $18 and expires in three time steps. Using Cox- Ross-Rubenstein notation, the underlying asset has S = 15, u = 1.2 and d = 0.95. The return over each time step is R = 1.1. What is the expiry value of the put at node (3,1)? Do not include the dollar sign ($) in your answer. > Question 7 1 pts A European put has strike $18 and expires in three time steps. Using Cox- Ross-Rubenstein notation, the underlying asset has S = 15, u = 1.2 and d = 0.95. The return over each time step is R = 1.1. What is the expiry value of the put at node (3,1)? Do not include the dollar sign ($) in your answer.
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