A model for the movement of a stock supposesthat if the
Chapter 5, Problem 5.29(choose chapter or problem)
A model for the movement of a stock supposesthat if the present price of the stock is s, then, afterone period, it will be either us with probability por ds with probability 1 p. Assuming that successivemovements are independent, approximatethe probability that the stocks price will be upat least 30 percent after the next 1000 periods ifu = 1.012, d = 0.990, and p = .52.
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