Question: Question 9 1 points Save Answer A stock is priced at $100.00 and follows a one-period binomial process with an up move that equals 1.04

 Question 9 1 points Save Answer A stock is priced at

Question 9 1 points Save Answer A stock is priced at $100.00 and follows a one-period binomial process with an up move that equals 1.04 and a down move that equals 0.96. If one million Bernoulli trials are conducted, the average terminal value stock price is $102.00. What is the probability of an up move (p)? Give your answer as a probability rounded to two decimal places, so in the format O.XX

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