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Which of the following is not an assumption underlying the Black-Scholes option-pricing model?
Industrial-Medical Revolution
A period marked by significant advancements in industrial and medical fields, leading to changes in manufacturing, healthcare, and societal structures.
Average Per Capita
A statistical measure that represents the average amount of a particular resource or characteristic per person within a specified population.
Economic Growth
An increase in the production of goods and services over a certain period within a country, leading to an improvement in the country's economy.
Agricultural Revolution
A period of technological improvement and increased crop productivity that began in the 18th century.
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