A Case Study of Use of Artificial Options in the Athens Stock Exchange
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.
KeywordsPortfolio management Options Black-Scholes model Stocks
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