6 ms·
I know very little about finance but I did notice that the author specifically notes that the insurance is the same as an European put option (ie can only be ex
by nyc 6y ago
I know very little about finance but I did notice that the author specifically notes that the insurance is the same as an European put option (ie can only be exercised at expiry), to which Black-Scholes can be applied.
- exmadscientist 6y agoI knew that overlooking the word "European" which I did not understand would be a mistake. Thank you.