There are no interest rates an asset is worth zero today
There are no interest rates. An asset is worth zero today and goes up or down by 1 each day. Find the price of a call option struck at zero as a function of the number of steps to expiry.
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there are no interest rates an asset is worth zero today and goes up or down by 1 each day find the price of a call
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assume the interest rate is zero let s be the price of a non-dividend paying stock a derivative d pays fst at time t
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