The simplist proof of PCP I've seen.

Discussion in 'P1.T3. Financial Markets & Products (30%)' started by brian.field, Dec 20, 2016.

  1. brian.field

    brian.field Well-Known Member

    Max(S,K) = S + max(0, K-S) = K + max(o, S-K) = S + P = K + C
     
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