Research Article
Novel Approaches for Getting the Solution of the Fractional Black–Scholes Equation Described by Mittag-Leffler Fractional Derivative
Table 1
Parameters of the Black–Scholes equation.
| Parameters | Description of the parameters. |
| and | The value of an option and the expiration time, respectively. | | The volatility of the underlining stock. | | The balance between the free interest rate and the volatility of the stock. | | The risk-less interest rate. | and | The strike price of the underlying stock and the asset price, respectively. |
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