Suppose R is the complement of an essential arrangement of toric hyperlanes in the complex torus (C*)n and pi = pi1(R). We show that H*(R; A) vanishes except in the top degree n when A is one of the following systems of local coefficients: (a) a system of nonresonant coefficients in a complex...

Suppose R is the complement of an essential arrangement of toric hyperlanes in the complex torus and ? = ?1(R). We show that H*(R;A) vanishes except in the top degree n when A is one of the following systems of local coefficients: (a) a system of nonresonant coefficients in a complex line...

Performance-dependent options are financial derivatives whose payoff depends on the performance of one asset in comparison to a set of benchmark assets. This paper presents a novel approach to the valuation of general performance-dependent options. To this end, a multidimensional Black-Scholes...