The Impact of Liquidity Risk in Option Pricing Theory with a Supply Curve
Fisher Black and Myron Scholes (Black and Scholes, 1973) presented in 1973 a valuation model for options that was intuitive and user friendly. This revolutionized the option market and made pricing an option easy. To get a sound understanding of liquidity risk we have to specify and describe liqui...
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| Format: | Others |
| Language: | English |
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Umeå universitet, Handelshögskolan vid Umeå universitet
2010
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-35101 |