Berry, R. H.; Zuo, X. - In: Applied Economics Letters 16 (2009) 14, pp. 1399-1402
In a recent article in this journal Jiang (2002) argues that the bisection method is unable to cope with the task of calculating implied volatility from either the Black Scholes or Merton's jump diffusion option pricing models. A re-examination of the bisection method fails to support Jiang's...