An object-oriented framework for valuing
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H. Windcliff; K.R. Vetzal; P.A. Forsyth; A. Verma; T.F. Coleman
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Article
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2003
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Elsevier Science
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English
⚖ 342 KB
A shout option is a ÿnancial contract which allows the holder to change the payo during the lifetime of the contract. Complex versions of these options are embedded in ÿnancial products which o er various types of maturity guarantees such as segregated funds marketed by Canadian insurance companies.