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Published since 2002
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Issue 1, 2003Jarrow R. A. In Honor of the Nobel Laureates Robert C. Merton and Myron S. Scholes: A Partial Differential Equation That Changed the World This article is a translation of the survey on option pricing theory known as the Black-Scholes formula that was published on the occasion of 1997 Nobel Prize award granted to Robert Merton and Myron Scholes. The derivation of famous formula is given in Appendix. << Contents: Issue 1, 2003 ![]() |
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