Question
A simple model of the stock market suggests that, each day, a stock with price q will increase by a factor r > 1 to
A simple model of the stock market suggests that, each day, a stock with
price q will increase by a factor r > 1 to qr with probability p and will fall to q/r with
probability 1 - p. Assuming we start with a stock with price 1, ind a formula for the
expected value and the variance of the price of the stock after d days
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College Geometry Using The Geometer's Sketchpad
Authors: Barbara E Reynolds, William E Fenton
1st Edition
1118213408, 9781118213407
