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Assume the binomial model with S 0 = 54, u = 3/2, d = 2/3, and r = 1/6. and consider a put (50 – S…


Assume the binomial model with S0 = 54, u = 3/2, d = 2/3, and r = 1/6. and consider a put (50 – S3) + with a knockout barrier at 70. Find the value of the option.