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How could MBAs cope

How could MBAs cope?

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An MBA was a necessary requirement for a prestigious career in finance, but a capability to count beans is not the same as a capability to understand mathematics. Luckily Cox, Ross and Rubinstein were able to distil the fundamental ideas of option pricing in a simple algorithm needing only addition, multiplication, subtraction and (twice) division. Even MBAs could currently join in the fun.

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