For the past ten years or so the economy of Ghana has been under severe strains. The domestic economic scene has been characterised by stagnation of production, by falling real per capita income, by ever growing inflationary pressures and by rising level of unemployment. On the external front,...

Though the Black-Scholes model shows systematic maturity-moneyness biases, still this simple and elegant model is used worldwide as a benchmark method to fix the base price of options trading on exchanges. Volatility is the only unknown factor in Black-Scholes model. In this paper, we have used...