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Consider a binomial model for the price of a non-dividend paying stock. Let ?t be the time step, let r be the risk-free rate of
Consider a binomial model for the price of a non-dividend paying stock. Let ?t be the time step, let r be the risk-free rate of interest per year with continuous compounding, let u be the proport...
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
