Does anyone know, do we have to memorize the Black-Scholes-Merton formula? Is there any concrete guidance on this in the LOSs?
You don’t have to memorize it, but you should know the qualitative effects of changes in the inputs.
Does anyone know, do we have to memorize the Black-Scholes-Merton formula? Is there any concrete guidance on this in the LOSs?
You don’t have to memorize it, but you should know the qualitative effects of changes in the inputs.