How monte carlo is applied for solving real world problem

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For this problem, you are asked to survey the Finance literature and select a published research paper that provides a practical example on how Monte Carlo is applied for solving a real world problem.

1) List and describe all of the pertinent information so that others can access the article for their own independent reading if so desired.

2) Summarize the definition of the problem, the Monte Carlo methodology employed [including both the relevant mathematical properties and computer resources] and the insights or outcomes associated with use of the Monte Carlo method.

Reference no: EM132065959

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