The inspected cover states March1979, revised July1979, and publication under the same title in Journal of Financial Economics in September1979. The original article is Journal of Financial Economics7(3),229–263; DOI doi.org/10.1016/0304-405X(79)90015-1 . Later reprints are listed separately on the manuscript cover and do not change the original publication date.
Cited passages: Section3, manuscript pp.4–11, binomial setup, unrestricted borrowing/lending and short sales, no-arbitrage inequality, replicating hedge and discounted risk-neutral expectation; Section5, manuscript pp.17 onward, small-step limiting cases. Our topic notation uses uppercase U,D,R for undiscounted multipliers, reserving u,d for the discounted ones.
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