Kresta, Aleš; Zmeškal, Zdeněk
(Technická Univerzita v LiberciTechnical university of Liberec, Czech RepublicTUL, 2013-08)
Discrete binomial models are powerful tools for options valuation. For simple pay-off options they can be viewed as an approximation of famous Black-Scholes option valuation formula. By increasing the quantity of periods ...