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Express.SurprisesInIntegrityr1.1 - 20 Aug 2021 - 14:55 - GregorioIvanoff

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"[...] In 1973, Myron Scholes and Fischer Black developed a model for how to price options, which revolutionized financial markets. The trickiest input into the formula, and one that has a significant impact on the result, is the volatility of the price of the underlying asset. If there is no volatility (that is, the price doesn't ever change), then the price of the option is really just the interest rate discount for not having to buy it right away. Things get more interesting when the price fluctuates. [...]" (Lefkowitz, 2005).


Keywords: options pricing model


Black-Scholes. Disponível em < https://pt.wikipedia.org/wiki/Black-Scholes >. Acesso em 23 mai. 2021.

Lefkowitz, Robert. Calculating the True Price of Software, 07/21/2005. Available from < https://web.archive.org/web/20111103010736/http://onlamp.com/pub/a/onlamp/2005/07/21/software_pricing.html >. access on 20 May 2021.

-- GregorioIvanoff - 20 Aug 2021
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