LIBROS DEL AUTOR: peter austing

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  • Smile Pricing Explained
    Peter Austing
    In modern derivatives trading, Black-Scholes theory is only a starting point. Asset volatilities are not constant, but change with market conditions. Large price moves are associated with periods of market turbulence and this leads to a smile shaped curve of the volatility implied from market prices. Smile Pricing Explained provides a clear and thorough explanation of the conce...
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