The main new topic today ¡­

The main new topic today was contingent claims and I derived the price (or the todays value) of an attainable contingent claim in terms of a risk-netural measure Q.

On Tuesday next week I will address the following exercises: 1.6, 1.7, 1.8, 1.9, 1.10, 1.11.

Finally, the student representative is Igor Pipkin [E-mail: igor.pipkin"@"umb.no without ""]