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The value Max [0, X (1+r) T S0] was shown to be the lowest possible value of a European put. Why is this value irrelevant
The value Max [0, X (1+r) T S0] was shown to be the lowest possible value of a European put. Why is this value irrelevant for an American put? (
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
