An Elementary Approach to the Option Pricing Problem
Nikolaos Halidias · Asian Research Journal of Mathematics · 2016
Our goal here is to discuss the pricing problem of European and American options in discrete time using elementary calculus so as to be an easy reference for first year undergraduate students. Using the binomial model we compute the fair price of European and American options. We...
Open access
Research Article
10.9734/ARJOM/2016/26251