Preview
This chapter discusses the binomial model — the simplest nontrivial model of a financial market. It begins with the period version of the model, then the model is extended to an arbitrary number of periods. Practice exercises are included.
Keywords: binomial model; bond; price; portfolio; arbitrage; contingent claim
Chapter. 7209 words. Illustrated.
Subjects: Financial Markets
Go to Oxford Scholarship Online » abstract
Full text: subscription required
How to subscribe Recommend to my Librarian
Buy this work at Oxford University Press »
Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.
