Explain carefully why blacks approach to evaluating an, Financial Management

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Explain carefully why blacks approach to evaluating an

Explain carefully why Black's approach to evaluating an American call option on a dividend-paying stock may give an approximate answer even when only one dividend is anticipated.

Does the answer given by Black's approach understate or overstate the true option value? Explain your answer.

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Financial Management: Explain carefully why blacks approach to evaluating an

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