Binomial trees are frequently used to approximate the movements in the price of a stock or other asset In each small interval of time the stock price is assumed to move up by a proportional amount u or to move down by a proportional amount d Options
The Many roles of the President chief of state-the role of the president as the ceremonial head of government chief executive-- the role of the president as the head of the executive branch of the government commander in chief of the armed forces-- the role of the president as the supreme commander of military forces of the U.S