✦ LIBER ✦

A simple heuristic for valuing certain perpetual American-type securities

✍ Scribed by J.E. Angus; X. Hong

Book ID: 104351680
Publisher: Elsevier Science
Year: 1998
Tongue: English
Weight: 401 KB
Volume: 28
Category: Article
ISSN: 0895-7177
DOI: 10.1016/s0895-7177(98)00078-8

No coin nor oath required. For personal study only.

✦ Synopsis

present a simple, purely probabilistic method for valuing certain perpetual (i.e., with no expiration) derivative securities which may be exercised at the holder's option.