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In the Black–Scholes model, the price of the option can be found by the formulas below. [27] In fact, the Black–Scholes formula for the price of a vanilla call option (or put option) can be interpreted by decomposing a call option into an asset-or-nothing call option minus a cash-or-nothing call option, and similarly for a put – the binary options are easier to analyze, and correspond to ...
Pneumonoultramicroscopicsilicovolcanoconiosis (/ ˌ nj uː m ə n oʊ ˌ ʌ l t r ə ˌ m aɪ k r ə ˈ s k ɒ p ɪ k ˌ s ɪ l ɪ k oʊ v ɒ l ˌ k eɪ n oʊ ˌ k oʊ n i ˈ oʊ s ɪ s / ⓘ [1] [2]) is a 45-letter word coined in 1935 by the then-president of the National Puzzlers' League, Everett M. Smith.
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