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INVENTORY ANALYSIS OF DROUGHT RESERVES: A NOTE ON THE VALUATION OF CARRYOVER*

✍ Scribed by Powell, Alan A.


Book ID
115212565
Publisher
Wiley (Blackwell Publishing)
Year
1962
Tongue
English
Weight
186 KB
Volume
6
Category
Article
ISSN
0004-9395

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A note on the valuation of compound opti
✍ Fatma Lajeri-Chaherli πŸ“‚ Article πŸ“… 2002 πŸ› John Wiley and Sons 🌐 English βš– 107 KB πŸ‘ 2 views

## Abstract The value of a compound option, __an option on an option__, has been derived by Geske (1976) using Fourier integrals. This article presents two alternative proofs to derive the value of a compound option. One proof is based on the martingale approach, which provides a simple and powerfu