Derivative Pricing(​The Variance Gamma Model) (If you write casually or the quality is poor, I will ask for a refund!!)

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Please write in detail the answer to this question, (the more detailed the better!!!). The answer must be at least two pages of word. Please attach the formula if necessary.

Problem：

The Variance Gamma Model is an example of pure-jump model, where small jumpsoccur frequently, and large jumps occur only occasionally. Discuss the essential ideas of the model highlighting why it might be particularly appealing.

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