Question

what is rho?explain in detail

Answer 1

rho is the resistivity of the conductor which is the internal property of the conductor to resist the current. its S.I unit is ohm meter.

Answer 2

Rho is the rate at which the price of a derivativechanges relative to a change in the risk-free rate of interest. Rho measures the sensitivity of an option or options portfolio to a change in interest rate.