ソープとブラック - Men for All Markets - 投資の消費性について

Back in 1967, I had taken a further step in figuring out how much a warrant was worth. Using plausible and intuitive reasoning, I supposed that both the unknown growth rate and the discount factor in the existing warrant valuation formula could be replaced by the so-called riskless interest rate, namely that which was paid by a US Treasury bill maturing at the warrant expiration date. This convert

[equilibrista]

ソープとブラック - Men for All Markets: Back in 1967, I had taken a further step in figuring out how much a…