Binomial-Option and Black-Scholes Pricing Formulas

This is a program that calculates hedge ratios and either Call or Put values using two separate formulas. This program will allow the user to compare the results of each formula for identical input data. For the binomial option pricing formula, the recommended number of iterations is 25. Increasing this number will increase accuracy, and decreasing this number will increase speed.
InputResults
Iterations:
Current Stock Price ($):
Exercise Price ($):
Annual Interest Rate (%):
Annual Dividend Rate (%):
Time to Expiration (Days):
Volatility (Binomial-Option):
Volatility (Black-Scholes):
Time to First Dividend (Days):
Call or Put:

COPYRIGHT 1996, 2004 by PATRICK McCOY
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