Schweser exam 3 afternoon session

move, afternoon, solution, second

first this exam is brutal!
second, up move is 1.15
the solution says the down move is .87, where does it come from?
i thought they have to give you the UP and DOWN move of the stock.
help!

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atate2007

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发表于 2013-4-17 17:29 | 只看该作者

d=1/u= 1/1.15 = 0.87

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