This is a formula that applies to-- what if an asset pays a fixed amount every period and then stops?

这个公式应用于...,如果一份资产在每段时期都给与支付,然后突然停止了怎么办

耶鲁公开课 - 金融市场课程节选

To actually apply this it helps to go to something called the normal approximation to the binomial, because it's kind of difficult to compute this formula.

在实际应用这些公式的时候,需要运用二项分布的正态近似定理,因为二项分布公式的值很难计算

耶鲁公开课 - 金融市场课程节选

I'm not going to expand on this because I can't get into-- This is not a course in probability theory but I'm hopeful that you can see the formula and you can apply it.

我不准备拓展这一部分,毕竟这节课不是概率论,但我希望你们能记住这个公式,并且学会应用

耶鲁公开课 - 金融市场课程节选