Abstract:This article discusses the use of the Black-Scholes model to calculate the price of agricultural insurance premiums based on the rainfall index. The Black-Scholes model is one of the models used to determine option prices. The research method used is studying the material through mathematics books and journals and collecting secondary data. The data used in this study are rainfall data and rice production data in Magelang City from 2019 to 2020. Based on the results and discussion, the quarterly rainfall data … Show more
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