In the framework of an n-period binomial model with parameters u, d, and r satisfying 0 < d < 1 r < u, consider the european asian call option which expires at n and pays.

$25

step-by-step explanation:

25 - 4.50 = 20.5

20.5 / 2 = 10.25

10.25 + 10 = 20.25

20.25 - 12.50 = 7.75

therefore the answer is $25 as shown as the first number.

6 meters

step-by-step explanation:

you can't solve x because it is 2 linear equation and you only have one equation