Use risk-neutral valuation methods to solve for the no-arbitrage prices of any derivative in a binomial framework

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Use risk-neutral valuation methods to solve for the no-arbitrage prices of any derivative in a binomial framework and understand why risk-neutral solutions to the valuation problems of derivatives are identical to solutions based on tracking portfolios.

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Financial Markets And Corporate Strategy

ISBN: 9780077119027

1st Edition

Authors: David Hillier, Mark Grinblatt, Sheridan Titman

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