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Wall Street applauds formula that cracks “American options” problem

http://media.uow.edu.au
Posted by nado 454 days ago View profile

University of Wollongong mathematician, Associate Professor Song-Ping Zhu, who has cracked a formula that will have important implications for researchers, traders and investors working on the valuation of American-style stock options, has presented his findings to the financial centre of the world, New York, to resounding acclaim.