Question: Study the Binomial Simulation Method (BSM). Find a new problem in real world which you can solve by using the BSM, or by incorporating BSM

Study the Binomial Simulation Method (BSM). Find a new problem in real world which you can solve by using the BSM, or by incorporating BSM as part of your solution. First state the problem clear, then, state your solution in word or pseudocode. Finally, implement your solution in C++ and show the outcome.

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