Like all other models, the binomial pricing model is a simplification of reality. In this model, how

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Like all other models, the binomial pricing model is a simplification of reality. In this model, how do we represent high volatility or low volatility of the value of the underlying asset?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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