Question
Contrast the expected instantaneous rate of change r for a geometric Brownian motion stock price (St) and the expected return (r - 0.52)t on the
Contrast the expected instantaneous rate of change r for a geometric Brownian motion stock price (St) and the expected return (r - 0.52)t on the stock lnSt over an interval of time [0,t]. Describe the difference in words
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
