minimum value of a European call option
Hi. Can someone explain this to me? Why does the minimum value have a max in it?
The minimum value of a European call option is max[, S − X / (1 + R)T].
"Using Wiley for my CFA journey was by far the best option… I was able to pass on my first attempt.”– Moe E., Canada
Study together. Pass together.
Join the world's largest online community of CFA, CAIA and FRM candidates.