Value of the US dollar at specific periods of time, which will be different from the present-day foreign exchange valuation of the US dollar. Variations in product prices caused by inflation are not accounted for in current dollars, rather current dollars simply represent the Value of the US dollar as it was at the specified date. For example if a car was bought in 1990 for $10,000, then $10,000 is the current value in 1990, so it does not correspond to the present time value of $10,000.
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Trinomial option-pricing model
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