Question: The risk neutral probability is equal to 0 . 7 and the risk free rate is 4 % . Furthermore the present value of cash

The risk neutral probability is equal to 0.7 and the risk free rate is 4%. Furthermore the present value of cash flows is equal to V =100. If d =1/u, then what is the value of V in the downstate in the next period? Please round your answer to one decimal place and use a period to indicate the decimal place (e.g.100.7 instead of 100,7).

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