Assume the Black-Scholes framework. Determine all value(s) of a, in terms of r, , , such that
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Assume the Black-Scholes framework. Determine all value(s) of a, in terms of r, σ, γ, such that V (S(t), t) := AS(t)aeγt represents the time-t price of a derivative security on a nondividend-paying stock.
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