If I wish to price an option with Monte Carlo using the standard GBM process, which have payoff
$(max(S-K,0))^2$
Why is it not suitable for a non-linear payoff?
If I wish to price an option with Monte Carlo using the standard GBM process, which have payoff
$(max(S-K,0))^2$
Why is it not suitable for a non-linear payoff?