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Professor Stephen Figlewski discusses the Black-Scholes insurance model

global finance magazine logo feature
Excerpt from Global Finance Magazine -- "'On the academic side, you’ve got a new model; and in the real world, you have a real exchange for pricing them,' says Stephen Figlewski, professor of finance at the Stern School of Business at New York University. 'What the model really gives us is it tells us how to hedge and manage the risk of options.'"

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