What is the primary purpose of the black-scholes-merton

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What is the primary purpose of the Black-Scholes-Merton? How can historical data be used to identify risk? Volatility? How can this model be used to project future volatility? How does the Black-Scholes-Merton model help create valuation for options?

 

 

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What is the primary purpose of the black-scholes-merton : What is the primary purpose of the Black-Scholes-Merton
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