| Hoadley Trading & Investment Tools: Binomial/Black-Scholes Convergence | |
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Analysis | ||
| Black-Scholes
price |
2.3859 | ||
| Range of steps considered | 10 - 150 | ||
| For steps in the range 147 - 150: | |||
| Maximum binomial price | 2.3915 | ||
| Average binomial price | 2.3856 | ||
| Minimum binomial price | 2.3796 | ||