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It is explained how a time-homogeneous volatility function can be recovered from the prices of the perpetual American call and put options written on an underlying evolving according to the corresponding time-homogeneous local volatility model. The methodology is more complicated than Dupire's formula, it is based on a call-put duality equality for perpetual American options related to the call-put duality equality equivalent to Dupire's formula in the European case. 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