99 Generalization Consider a derivative that lasts for time t and that is dependent on a stock Figure 9.2(P. 203) < fd Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, Shanghai Normal UniversityOptions, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, Shanghai Normal University 9.9 Generalization • Consider a derivative that lasts for time T and that is dependent on a stock • Figure 9.2 (P.203) S0u ƒu S0d ƒd S0 ƒ