Pricing American Options - an Important Fundamental Research in ...
Pricing American Options - an Important Fundamental Research in ...
Pricing American Options - an Important Fundamental Research in ...
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Background<br />
What is <strong>an</strong> option?<br />
What is a Europe<strong>an</strong>-style option?<br />
What is <strong>an</strong> <strong>Americ<strong>an</strong></strong>-style option?<br />
What is the optimal exercise price of <strong>an</strong> <strong>Americ<strong>an</strong></strong><br />
option?<br />
What is f<strong>in</strong><strong>an</strong>cial <strong>in</strong>terpretation of the optimal<br />
exercise price of <strong>an</strong> <strong>Americ<strong>an</strong></strong> option?<br />
IWIF-II www.sw<strong>in</strong>gtum.com/<strong>in</strong>stitute/IWIF PPT 3/68<br />
Song-P<strong>in</strong>g Zhu, SMAS, April 26, 2007 0-2
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