Using your knowledge of knock-out options and their pricing via Monte Carlo simulation, demonstrate the effect on option prices when we vary the frequency at which barrier crossing is checked. This question is intentionally ambiguous to assess your maturity in approaching problems that are likely to arise in the real world. You will choose your own option parameters, perform the simulation and report the results as you see fit in order to demonstrate the effect. Type your code here, followed by a commentary

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System Model Approaches

The systems model approach is a process-oriented representation that emphasizes the impact or flow of information between modules. The multidisciplinary study of the use of models to design and create systems in business and IT development is known as systems model approach. It models how processes interact and what these processes do, but it does not go into detail about how these processes are implemented. Functional decomposition may be utilized to enhance the models employed in this technique, and they can be coupled to requirements models for additional system partitioning.