Using a nonsymmetric distribution for present worth, and preventing stock prices from going negative, would improve the
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Using a nonsymmetric distribution for present worth, and preventing stock prices from going negative, would improve the comparison between Black–Scholes and the approach given. What distribution, alternative to a normal distribution might be suitable for present worth? How can stock prices be prevented from going negative?
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Infrastructure Investment An Engineering Perspective
ISBN: 9781466576698
1st Edition
Authors: David G. Carmichael
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