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Value of Money Depends Upon Time. In the previous article we learned about the concept of nominal and real values of money. We realized that money today is
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To estimate the volatility of a stock price empirically, the stoc k price is usually observed at f ixed intervals of time. These intervals can be days, weeks or months F. Black (1976) . Studies of stock price volatility changes. In: Proceedings of the 1976 Meeting of the Business and Economic Statistics Section, American Statistical Association, Washington, D.C.
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