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  1. Nicole Seaman

    P1.T3.732. Exchange option, volatility swap, and static option replication (Hull Ch. 26 continued)

    Identify and describe the characteristics and pay-off structure of the following exotic options: exchange. Describe and contrast volatility and variance swaps. Explain the basic premise of static option replication and how it can be applied to hedging exotic options. Questions: 732.1. Consider...