Jarrow-Rudd Model Formulas and Reference
A binomial option pricing model developed by Robert A. Jarrow and Andrew Rudd in 1983.
It is also known as the equal-probability binomial model, as it sets the probability of up and down moves at each step to 50%.
See Jarrow-Rudd Model Formulas, Binomial Option Pricing Excel Tutorial and Binomial Option Pricing Calculator.