This article presents a log‐transformed trinomial approach to option pricing and finds that various numerical procedures in the option pricing literature are embedded in this approach with choices of different parameters. The unified view also facilitates comparisons of computational...

This study proposes a resources deployment portfolio (RDP) approach to decomposing return on equity (ROE) for business analysis. The five components are return on operating equity (RoOE), return on financial equity (RoFE), return on other equity (RoXE), return on influencing equity (RoIE), and...

<section xml:id="fut21645-sec-0001"> We propose a stochastic dynamic program (SDP) for valuing options on stock‐index futures. SDP accommodates European‐ as well as American‐style options, and price limits on the underlying futures contracts. Our numerical investigation shows convergence, robustness, and efficiency. SDP...</section>

In this paper, we derive an equilibrium relationship between the yields on Eurodollar and Treasury bills based on equivalent martingale results derived by Harrison and Kreps (<CitationRef CitationID="CR23">1979</CitationRef>) and Harrison and Pliska (<CitationRef CitationID="CR24">1981</CitationRef>, <CitationRef CitationID="CR25">1983</CitationRef>) as well as the corporate debt pricing model developed by Merton (<CitationRef CitationID="CR38">1974</CitationRef>). The...</citationref></citationref></citationref></citationref>