Asian Options - Binomial Trees

dimanche 22 février 2015

In the ASM Manual, section 13.1, it states:



"The payoff of an Asian option depends on the path of stock prices. When constructing a binomial tree, it won't recombine."



Can you define what recombine means in this statement?



Thanks





Asian Options - Binomial Trees

0 commentaires:

Enregistrer un commentaire

 

Lorem

Ipsum

Dolor