Brian Lee
Aug 12, 2025
Part of: Fundamentals
of Futures And Options Markets By John C. Hull
Because the American call price, \(C\), equals the European call price, \(c\), for a non-dividend-paying stock, equation (13.5) also gives the price of an American call.
(13.5) is the call price question from Black-Scholes-Merton (BSM).
Black-Scholes-Merton is the same as Black-Scholes.