Explain what is meant by a recombining binomial tree state
(i) Explain what is meant by a recombining binomial tree.
(ii) State the advantage and disadvantage of using a recombining tree [vis-à-vis a non-recombining tree] to model share price movements?
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i explain what is meant by a recombining binomial treeii state the advantage and disadvantage of using a recombining
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