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Journal Articles
Journal of Derivatives and Quantitative Studies: Seonmul yeon’gu (2008) 16 (2): 67–94.
Published: 30 November 2008
... of option prices‘ Since the formula is derived without using any option pricing model. volatility estimated from the formula is called model-tree implied volatillty (MFIV). MFIV overcomes the two drawbacks of BSIV. Jiang and Tian (2005) show that. with the S&P index Options (SPX), MFIV is suoerlor...

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