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. 3. A key step in deriving the Black-Scholes Equation was to set the value of market II equal to what would be gained at
. 3. A key step in deriving the Black-Scholes Equation was to set the value of market II equal to what would be gained at a bank. This comparison captures the value of the option relative to interes...
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Fundamentals of Investments
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
3rd edition
132926172, 978-0132926171
