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Based on the following graphs (next page) you should write a discussion report (2 pages) on:
1. Determination of whether the open-loop system response is consistent with a 1st order system, by analysis of the time response and the system diagram.
2. Determination of the time constant and gain best describing system behaviour if treated as a 1st order system.
3. Discussing the closed loop response:
Graphs:
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Modify your formulas from (1) to compute the price at time 0 of an American put option with the same contract speci cations in the binomial model. Report the price of the American
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how do you find if two way or one way
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