earticle

영어

In recent years, financial industry has been growing rapidly. Especially the various products cause by financial engineering has been the major phenomenon of the development of financial market. If we call standard options, first generation options, then non-standard options can be called second generation options. Second generation options are exotic option. Option pricing method which used in this study were Closed-form formular assumed the log - normal price distribution and model followed underlying asset price distribution. In this study, Closed-form formular and Binomial model were programed by Excel Basic As a result of analysis. Binomial model is very convenient or speedy in exotic option which have special payoff pattern pricing.