9. Using properties of the moment-generating function, show that if fBjg in the binomial lattice model are
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9. Using properties of the moment-generating function, show that if fBjg in the binomial lattice model are assumed to be independent and binomially distributed, then this will not imply that fBkðDtÞg are binomially distributed. (Hint: See exercise 8(b).)
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Related Book For 
Introduction To Quantitative Finance A Math Tool Kit
ISBN: 978-0262013697
1st Edition
Authors: Robert R. Reitano
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