The process for the stock price in equation (12.8) is AS=S At+oSeAt where and or are constant.
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The process for the stock price in equation (12.8) is AS=S At+oSeAt where and or are constant. Explain carefully the difference between this model and each of the following: = + ASUS At+eAt = + Why is the model in equation (12.8) a more appropriate model of stock price behavior than any of these three alternatives?
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