Who gave option-pricing ability to the masses
Who gave option-pricing ability to the masses?
Expert
Stephen Ross, Mark Rubinstein and John Cox, who gave option-pricing ability to the masses in 1979.
Company A is a AAA-rated firm wanting to issue five-year FRNs. It determines that it can issue FRNs at six-month LIBOR + 1/8 percent or at the six-month Treasury-bill rate + ½ percent. Specified its asset structure, LIBOR is the preferred index. Comp
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Illustrates an example relates with risk that defined in mathematical terms.
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