Ch09_IntroductiontoBinomialTrees(金融工程学,华东

Options,Futures,andOtherDerivatives,4thedition©2000byJohnC.HullTangYincai,ShanghaiNormalUniversity9.1IntroductiontoBinomialTreesChapter9Options,Futures,andOtherDerivatives,4thedition©2000byJohnC.HullTangYincai,ShanghaiNormalUniversity9.2ASimpleBinomialModelofStockPriceMovements•Inabinomialmodel,thestockpriceattheBEGINNINGofaperiodcanleadtoonly2stockpricesattheENDofthatperiodOptions,Futures,a...