Level II Derivatives Part Derivatives

apf_jingrui_li

Ever since I started reading CFA level II curriculum derivatives part, I just do not understand why they do not use continuous compound in derivates pricing, no matter in the cases of futures pricing or the binomial option pricing. I do think in some cases, if you convert the calculation process into continuous compound, thins will get a lot easier and the models and formulas you write will make a lot sense. And you can get the correct result!