In a 6-month European style up-and-outcalloption on a non-dividend-paying stock, the strike price is $9 and the barrier $11. The current stock price $10, the volatility is 20% p.a., and the risk-free rate is 5%p.a. Find the option price using a 2-step trinomial tree

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter5: Financial Options
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In a 6-month European style up-and-outcalloption on a non-dividend-paying stock, the strike
price is $9 and the barrier $11. The current stock price $10, the volatility is 20% p.a., and the
risk-free rate is 5%p.a. Find the option price using a 2-step trinomial tree
Transcribed Image Text:In a 6-month European style up-and-outcalloption on a non-dividend-paying stock, the strike price is $9 and the barrier $11. The current stock price $10, the volatility is 20% p.a., and the risk-free rate is 5%p.a. Find the option price using a 2-step trinomial tree
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