Examlex
Consider the following code snippet: What is the output of the given code snippet on execution?
Value
The worth of an asset or service, determined by factors such as market demand, utility, and costs of production.
Black-Scholes
A mathematical model used to price European style options, estimating the variation over time of financial instruments.
European Options
Derivative securities that can only be exercised at the expiration date, not before, contrasting with American options which can be exercised at any point before expiration.
Pricing Model
A theoretical construct that uses mathematical formulas to estimate the appropriate price of a security or asset.
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