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Why Is the Black Scholes Formula Not Viable When Pricing

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Why is the Black Scholes formula not viable when pricing a spread option for electricity?


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PhD

A Doctor of Philosophy degree, a postgraduate academic degree awarded by universities to individuals who have completed advanced research in a specific field.

Internship

A period of work experience offered by an organization for a limited period of time, often used by students to gain relevant skills and experience in a particular field.

Coursework

The work assigned to and done by a student during a course of study, usually assessed in order to count towards a final grade or mark.

Gestalt Psychology

A psychological approach that emphasizes that the whole of anything is greater than its parts, focusing on patterns and objects as perceived in the human mind.

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