𝔖 Bobbio Scriptorium
✦   LIBER   ✦

A GUIDE TO VALUING EMPLOYEE STOCK OPTIONS WITH A RELOAD FEATURE

✍ Scribed by Thomas Hemmer; Steve Matsunaga; Terry Shevlin


Book ID
111353308
Publisher
John Wiley and Sons
Year
1999
Weight
228 KB
Volume
12
Category
Article
ISSN
1078-1196

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## Abstract This study examines the implications for stock option pricing when the domain of the stock price is constrained by a lower boundary. The valuation strategy starts from the familiar geometric Brownian motion framework of Black & Scholes (1973). However, an instantaneously reflecting lowe