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View Full Version : ASM Example 15A

jason.
04-19-2007, 08:26 PM
In this example, why is the mean of the distribution of \ln S(1) equal to (\alpha - \delta) (1 - .6) and not (\alpha - \delta - .5 \sigma^2)(1 - .6) ? It seems as though it should be the latter.

Abraham Weishaus
04-19-2007, 10:10 PM