Using a “trial and error” approach, estimate how high the strike price has to be in Problem

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Using a “trial-and-error” approach, estimate how high the strike price has to be in Problem
  • Using a “trial-and-error” approach, estimate how high the strike price has to be in Problem

  • Answers • 3 pages • 2020
  • Problem 12.18. Using a “trial-and-error” approach, estimate how high the strike price has to be in Problem 12.17 for it to be optimal to exercise the option immediately.
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