PDF-Stochasticvolatility:optionpricingusingamultinomialrecombiningtreeIonu
1Introduction11HistoricalcontextDespitesignicantdevelopmentinoptionpricingtheorysincethepublicationofthecelebratedarticlesBlackandScholes1973andMerton1973theBlackScholesformulafortheEuropean
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