Passarelli uses 256 as the average number of trading days in a year. However, Hull uses 252 instead of 256; see (Hull 2016, 300).
See Number of Trading Days for the reasons for discrepancies.
Passarelli uses 256 as the average number of trading days in a year. However, Hull uses 252 instead of 256; see (Hull 2016, 300).
See Number of Trading Days for the reasons for discrepancies.