The law of one price holds when two portfolios with the same payoff have the same cost: implies . Under it, every replicable claim has a unique price, the cost of any of its replicating portfolios.
Quantitative Finance · Begrippenlijst
Quantitative Finance · Begrippenlijst
The law of one price holds when two portfolios with the same payoff have the same cost: implies . Under it, every replicable claim has a unique price, the cost of any of its replicating portfolios.