Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10015143953
The present paper provides empirical studies to estimate defaultable bonds in the South African financial market. The main goal is to estimate the unobservable factors affecting bond yields for South African major banks. The maximum likelihood approach is adopted for the estimation methodology....
Persistent link: https://www.econbiz.de/10013297153
Persistent link: https://www.econbiz.de/10015188648
In an incomplete market model where convex trading constraints are imposed upon the underlying assets, it is no longer possible to obtain unique arbitrage-free prices for derivatives using standard replication arguments. Most existing derivative pricing approaches involve the selection of a...
Persistent link: https://www.econbiz.de/10013020571
Persistent link: https://www.econbiz.de/10011817212