Question: Question 6 The Monte Carlo method for pricing options is often referred to as a method of last resort. Explain why this might be

Question 6 The Monte Carlo method for pricing options is often referred

Question 6 The Monte Carlo method for pricing options is often referred to as a method of last resort. Explain why this might be the case, and when would an analyst use the Monte Carlo Approach to price a derivative? [10 marks]

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