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    Definition of Black Scholes Model
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    Black Scholes Model

    The term "Black Scholes Model" refers to a mathematical model used to determine the value of equity options. It was developed in 1973 by Fisher Black, Robert Merton and Myron Scholes and is regarded as one of the best ways to determine the fair value of stock options.

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    Private Foundation

    A "private foundation" is a nonprofit organization established and supported primarily...

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