Examlex
Charles Darwin formulated his theory of natural selection while visiting the Galápagos Islands and observing its finches.
Hedge Ratio
The Hedge Ratio is a risk management tool that compares the value of a position protected through a hedge to the size of the entire position.
Long Put Option
A financial derivative strategy that gives the holder the right, but not the obligation, to sell a specific amount of an underlying asset at a predetermined price within a specified timeframe.
Binomial Option Model
A mathematical model used to price options by breaking down the time to expiration into potentially infinite segments or steps.
Subintervals
Divisions within a larger interval, often used in mathematics to partition an interval into smaller segments.
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