Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 28, 2021 erstellt
Beschreibung:
We provide simple, explicit formulas for pricing both the European and American options. These formulas do not require any numerical/computational methods. Moreover, we provide these formulas understochastic volatility, jumps, both stochastic volatility and stochastic interest rate, and simultaneous stochastic volatility, stochastic interest rate andjumps. Furthermore, we relax the hedging assumption. We also introduce anew method for solving partial integro- differential equations