Abstract
In the Athens Stock Exchange no trade off was made as far as the options and futures for stocks are concerned. It is possible to construct artificial options with the help of the Black-Scholes model and with the appropriate combination of stocks and cash. In this paper, a realistic example of an artificial option in the Athens Stock Exchange is examined, in order to investigate the efficiency of the particular investment strategy in the Greek Capital Market.
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© 1998 Springer Science+Business Media Dordrecht
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Michalopoulos, M., Zopounidis, C. (1998). A Case Study of Use of Artificial Options in the Athens Stock Exchange. In: Zopounidis, C., Pardalos, P.M. (eds) Managing in Uncertainty: Theory and Practice. Applied Optimization, vol 19. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-2845-3_11
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DOI: https://doi.org/10.1007/978-1-4757-2845-3_11
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-4801-4
Online ISBN: 978-1-4757-2845-3
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