Consider an option that pays off the amount by which the final stock price exceeds the average

Question:

Consider an option that pays off the amount by which the final stock price exceeds the average stock price achieved during the life of the option. Can this be valued from a binomial tree using backwards induction?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: