Suppose that in Example 29.3 of Section 29.2 the payoff occurs after 1 year (i.e., when
Chapter 30, Problem 30.3(choose chapter or problem)
Suppose that in Example 29.3 of Section 29.2 the payoff occurs after 1 year (i.e., when the interest rate is observed) rather than in 15 months. What difference does this make to the inputs to Blacks model?
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