2017 (source code)
= 2017
{scope}
{title2=A13374W1}
Source: https://www.whatdotheyknow.com/request/oxford_physics_past_papers_2/response/2340696/attach/5/Physics%20Papers%202016.pdf?cookie_passthrough=1#page=63[released examination PDF, bundle pages 63–66].
Solutions to all three questions and all optional parts. Expectations in Question 1 are conditional on current information. The zero-drift variance is obtained by a limit. The exercise-policy calculation in Question 3(c) is distinguished from the market value of an unrestricted American option.
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