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5. Let V(S, t) denote the value at time t
5. Let V(S, t) denote the value at time t
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a In the BlackScholes model the growth factor u does not need to be estimated because the model assumes a riskneutral world In a riskneutral world the ...Get Instant Access to Expert-Tailored Solutions
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
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