“Normality” of Stock Prices
نویسنده
چکیده
“Normality” of Stock Prices Bo Shi Abstract. The Black-Scholes Model, often simply called Black-Scholes, models the varying price of financial instruments over time: stocks in particular. This model assumes that returns on the underlying stock are lognormally distributed, which can be reasonable for many assets that offer options. However, from a selection of 100 stock histories, I found that at least 45 were not
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