with previous context:

please write all step, clearly. thank you.

Two-Step Binomial Now, instead of one-step movement during the 6 months, we suppose there are two steps during the six months and each covers 3 months assuming that in each three-month period the price will either rise by 13.76% or fall by 12.10% Stock European Call Time 1 represents the time horizon of this option, in this case, it is 6 months. Time 0 0.5 1 Stock European Put Time Time 0 0.5 1 0.5 1 , but if the price rises to $1,080, the option will be worth $1,080900=$180. J.54545 Amazon share and borrowed the present value of $409.09 from the ban p=upsidechangedownsidechangeinterestratedownsidechange=udrd Two-Step Binomial Now, instead of one-step movement during the 6 months, we suppose there are two steps during the six months and each covers 3 months assuming that in each three-month period the price will either rise by 13.76% or fall by 12.10% Stock European Call Time 1 represents the time horizon of this option, in this case, it is 6 months. Time 0 0.5 1 Stock European Put Time Time 0 0.5 1 0.5 1 , but if the price rises to $1,080, the option will be worth $1,080900=$180. J.54545 Amazon share and borrowed the present value of $409.09 from the ban p=upsidechangedownsidechangeinterestratedownsidechange=udrd