GENERALIZATION OF BINOMIAL MODEL f =
e-rt [ p fu + ( 1 - p ) fd ]
Where: p = 1-p= e S u d t i k
erT - d u-d
0.43
1.01 minus 0.25
0.57 2.7183 30 1.15 0.9 1 mths 9% 31 fu=
f=
0.9 fu 34.5 30 3.73 27 fd 0.02
fuu 39.68
8.68
31.05 fud 0.05 24.3 fdd 0
e^-in[pfuu+(1-p)fud] 3.73 0.99 multiplied
3.76
e-rt [ p fu + ( 1 - p ) fd ] 1.61 0.99 multiplied
1.62
GENERALIZATION OF BINOMIAL MODEL f =
e-rt [ p fu + ( 1 - p ) fd ]
Where: p = 1-p= e S u d t i k
erT - d u-d
0.65
1.03 minus 0.2
0.35 2.7183 20 1.1 0.9 3 mths 12% 21 fu=
f=
0.9 fu 22 1 18
20 fd 0
e^-in[pfuu+(1-p)fud] 0.00 0.97 multiplied e-rt [ p fu + ( 1 - p ) fd ] 0.63 0.97 multiplied
0
0.65
f = p =
e-rt [ p fu + ( 1 - p ) fd ]
59.10
erT - d u-d
56.28 53.60 51.05 48.62
S K u d r T
40 48 1.05 0.95 8% 0
46.31 44.10 42.00 40 38.00
46.07
41.79
37.91
41.69
37.81
34.30
41.58 39.60
37.72 35.92
34.21 32.58
45.96 43.77
39.70
36.01
50.80 48.38
43.88
39.80
36.10
50.92
46.19
41.90 39.90
56.14 53.47
48.50
43.99
37.62 35.83
34.12 32.50
30.95
62.05
34.04 32.42
30.87 29.40
30.80 29.33
27.93
27.86 26.54 25.21
68.41
20.41
61.90
13.90
56.00
8.00
50.67
2.67
45.84
-
65.16 58.95
53.34 48.26 43.66 39.50 35.74 32.34 0 29.26 0 26.47 0 23.95 0
41.48
0
37.53
0
33.95
0
30.72
0
27.79
0
25.15
0
22.75
0