期权期货及其衍生品第27弹.pptxVIP

会计学;Derivatives Dependent on a Single Underlying Variable;Forming a Riskless Portfolio;Market Price of Risk (Page 632);Extension of the Analysisto Several Underlying Variables(Equations 27.12 and 27.13, page 634);Martingales (Page 635);Alternative Worlds;The Equivalent Martingale Measure Result (36);Forward Risk Neutrality;Alternative Choices for the Numeraire Security g; Money Market Accountas the Numeraire;Money Market Accountcontinued;Zero-Coupon Bond Maturing at time T as Numeraire ;Forward Prices;Interest Rates;Annuity Factor as the Numeraire;Annuity Factors and Swap Rates;Extension to Several Independent Factors (Page 640);Extension to Several Independent Factors continued;Applications;Black’s Model (page 641);Option to exchange an asset worth U for one worth V;Change of Numeraire(Section 27.8, page 643)