Question: Use a binomial lattice with the following attributes to value an American put option. (a) Current underlying asset value of 40 (b) Exercise price of

Use a binomial lattice with the following attributes to value an American put option.
(a) Current underlying asset value of 40
(b) Exercise price of 45
(c) Volatility of 30%
(d) Risk-free rate of 5%
(e) Time to expiration equal to three years
(f) A three-period lattice

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