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In 1973, financial mathematicians Fischer Black and Myron Scholes published an academic paper titled “The Pricing of Options and Corporate Liabilities”, which contained what would end up becoming one of the most pivotal equations in all of mathematical finance, the Black-Scholes model[1]. The model is a stochastic-partial differential equation used to assign a value to a European style option, a type of asset that allows the holder to buy or sell a stock at its current price regardless of its future behavior. …

Connor Uzzo

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