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To: GVTucker who wrote (61181)8/30/2002 8:57:09 AM
From: rkral  Read Replies (2) | Respond to of 77400
 
OT ... GVTucker, re "The original Black-Scholes model was for options that could not be exercised until the day of expiration."

Excellent point. In fact, every Black-Scholes equation I've ever seen in textbooks has been for European style options. I wonder how it is modified for American style options.

Ron