Question: 3.(25 points) Consider a security that pays S(T) at time T (h > 1) where the price (6) is governed by the standard model dS(t)
3.(25 points) Consider a security that pays S(T) at time T (h > 1) where the price (6) is governed by the standard model dS(t) = $(t)dt + $(t)W (t). Show that the price of this security at time t 1) where the price (6) is governed by the standard model dS(t) = $(t)dt + $(t)W (t). Show that the price of this security at time t
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