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  • 标题:APPLYING THE BINOMIAL MODEL IN CASE OF EVALUATING CERTAIN DERIVATIVES
  • 本地全文:下载
  • 作者:Armeanu, Dan ; Obreja, Carmen
  • 期刊名称:Theoretical and Applied Economics
  • 印刷版ISSN:1841-8678
  • 电子版ISSN:1844-0029
  • 出版年度:2007
  • 卷号:11(516)(supplement)(vol2)
  • 期号:11(516)(supplement)(vol2)
  • 页码:49-54
  • 出版社:Asociatia Generala a Economistilor din Romania - AGER
  • 摘要:The purpose of this article is to prepare an analysis of the most traded options on the stock and commodities exchange by using the Binomial Model. The main indicators of sensitivity are calculated and interpreted, and it is shown that, on long term the solutions of this model converge to the solution offered by the Black – Merton – Scholes Model. Bringing in the futures and options contracts have determined the transformation of the commodities exchange into a national and regional center where the participants have the possibility to cover their risks or to speculate the modification of the prices by using derivatives.
  • 关键词:derivatives; options; futures; arbitrage; volatility.
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