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Which of the following variables in the Black-Scholes-Merton option pricing model is the most difficult to obtain, yet has a large impact on the estimated
Which of the following variables in the Black-Scholes-Merton option pricing model is the most difficult to obtain, yet has a large impact on the estimated option price?
A) the risk-free rate
B) the stock price
C) the volatility
D) the exercise price
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