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Local parametric analysis of derivatives pricing and hedging

✍ Scribed by Peter Bossaerts; Pierre Hillion


Book ID
117769218
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
349 KB
Volume
6
Category
Article
ISSN
1386-4181

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## Abstract Both institutional and private investors often have only limited flexibility in timing their investment decision. They look for investments that will ideally be independent of the timing decision. In this article, a new class of derivative products whose payoff is linked to the trend of