%0 Journal Article %T Valoración binomial de opciones financieras %D 2011 %U http://hdl.handle.net/10906/67221 %X This teaching note discusses the valuation of European and American financial options. Valuation is conducted assuming that the price of the underlying follows a binomial distribution. We initially value options based on the concept of no arbitrage in discrete time and then move to a continuous time framework. %K FACULTAD DE CIENCIAS ADMINISTRATIVAS Y ECONÓMICAS %K DEPARTAMENTO DE ECONOMÍA %K PRODUCCIÓN INTELECTUAL REGISTRADA - UNIVERSIDAD ICESI %K ARBITRAJE %K FINANZAS %K DISTRIBUCIÓN %K VALORACIÓN %K BINOMINAL %K OPTIONS %K BINOMIAL DISTRIBUTION %K ARBITRAGE %~ GOEDOC, SUB GOETTINGEN