Question: Using the Binomial Tree option pricing model, estimate the current spot exchange rate if next year spot rate can be either 1.7$/or 1.6$/, the interest

Using the Binomial Tree option pricing model, estimate the current spot exchange rate if next year spot rate can be either 1.7$/or 1.6$/, the interest rate in the U.S. is 4%, interest rate in the U.K. is 5% and 1-year put option on1with a strike price of 1.65 $/is selling for $0.04

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