Hi I was wondering if anyone could help me with exercise 21.7 in the ASM study manual. I understand the solution up to the last line. How does the recursive formula to get e26 turn into that? I can't...
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Hi I was wondering if anyone could help me with exercise 21.7 in the ASM study manual. I understand the solution up to the last line. How does the recursive formula to get e26 turn into that? I can't...
Hi I'm on my 2nd run through the ASM manual and I have what is probably a stupid question. In the example for Forwards on a stock index with continuous dividends, why will the number of shares you...