Black-Scholes: Robert Merton on the Options Pricing Model

It would take the whole magazine to explain this formula.

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By Robert Merton

December 4, 2014 at 1:03 PM UTC

This article is for subscribers only.

This article is part of the December 8, 2014 issue of businessweek.

Black-Scholes: Robert Merton on the Options Pricing Model

1973 Fischer Black, Myron Scholes, and Robert Merton publish papers on the Black-Scholes formula for valuing options.