Which of the following statements concerning the calculation of value at a node in a binomial interest rate tree is most accurate? The value at each node is the:
Apresent value of the two possible values from the next period.
Bsum of the present values of the two possible values from the next period.
Caverage of the future values of the two possible values from the next period.
Daverage of the present values of the two possible values from the next period.
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