单选题
编号：2695889
1.Assume that a stock's price over the next two periods is as shown below.
The initial value of the stock is $100. The probability of an up move in any given period is 40% and the probability of a down move in any given period is 60%. Using the binomial model, the probability that the stock's price will be $101.20 at the end of two periods is closest to:
The initial value of the stock is $100. The probability of an up move in any given period is 40% and the probability of a down move in any given period is 60%. Using the binomial model, the probability that the stock's price will be $101.20 at the end of two periods is closest to: