Implementing Option Pricing Models When Asset Returns Are Predictable
收藏NBER1994-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4720
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资源简介：
Option pricing formulas obtained from continuous-time no- arbitrage arguments such as the Black-Scholes formula generally do not depend on the drift term of the underlying asset's diffusion equation. However, the drift is essential for properly implementing such formulas empirically, since the
提供机构：
美国国家经济研究局
创建时间：
1994-04-01
