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We implement a Rubinstein-type (1994) implied binomial tree using an Excel spreadsheet, but without using VBA (Visual Basic Application). We demonstrate both the optimization needed to generate ...
The Journal of Finance, Vol. 48, No. 3, Papers and Proceedings of the Fifty-Third Annual Meeting of the American Finance Association: Anaheim, California January 5-7, 1993 (Jul., 1993), pp. 933-947 ...
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