Why is a multi-period binomial model a better approximation to the actual stock price process than the
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Why is a multi-period binomial model a better approximation to the actual stock price process than the single-period binomial model?
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As the time step gets small and the number of time steps gets large the binomia...View the full answer
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Related Book For
An Introduction to Derivative Securities Financial Markets and Risk Management
ISBN: 978-0393913071
1st edition
Authors: Robert A. Jarrow, Arkadev Chatterjee
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