A stock price is currently $100. Over each of the next two six-month periods it is expected to go up by 14% or down by 14%. The risk-free interest rate is 8% per annum with continuous compounding. What is the value of a one-year European put option with a strike price of $110

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; proclamation of 1763;