Question: : Use a two period binomial tree to price a 10 month European style put option on YMMV struck at $25. The spot price of

: Use a two period binomial tree to price a 10 month European style put option on YMMV struck at $25. The spot price of YMMV is $25.00 and it pays no dividends. Assume u/d = 5/4, pup = 1/4, and r = 5.00%. A) $0.67 B) $1.19 C) $1.03 D) $1.24 E) $0.62

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