re : joint probabilities michael
a table ( table 2 ) has been added with probabilities for rab > x , fx > y . at
the current currency level , approx 1 . 5 , all the numbers are multiplied by 1 / 2
because the currency is equally likely to rise or fall . this may give a
pessimetic view of achieving a given stock price .
let me know when you want to get togetrher .
bob