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Document Details : Title: Hedging in Financial Markets Author(s): BAXTER, Martin Journal: ASTIN Bulletin Volume: 28 Issue: 1 Date: May 1998 Pages: 5-16 DOI: 10.2143/AST.28.1.519076 Abstract : This (mostly) expository paper describes the importance of hedging to the pricing of modern financial products and how hedging may be achieved even when the traditional Black-Scholes assumptions are absent. |
