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The Stock Market Has Been Fluctuating Widely,and a "Market Guru

Question 5

Multiple Choice

The stock market has been fluctuating widely,and a "market guru" declares in his newsletter that the traditional Black-Scholes-Merton option pricing model is no longer valid.Instead,he says traders should use the following model for computing an option's price: take the average of the highest and the lowest prices for each of the previous seven trading days.If you use this pricing model,then you are:


A) a mathematical modeler
B) a statistical modeler
C) a "lottery" buyer
D) a day trader
E) None of these answers are correct.

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