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136
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CORR
2002
Springer
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CORR 2002
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An Empirical Model for Volatility of Returns and Option Pricing
15 years 3 months ago
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In a seminal paper in 1973, Black and Scholes argued how expected distributions of stock prices can be used to price options. Their model assumed a directed random motion for the ...
Joseph L. McCauley, Gemunu H. Gunaratne
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