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《Journal of Xi'an Institute of Finance and Economics》 2006-04
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Real Option Similarly American Option With Fluctuated Strike Price

YIN Hai-yuan,LI Zhong-min(International Business School,Shaanxi Normal University,Xi'an 710062,China)  
Other than financial option,the value of real option is a stochastic variable because of its fluctuated strike price and it's an important factor in the pricing method of real option similarly American Option.The paper discusses the character of strike price in pricing real option similarly American Option and describes it using Geometric Brownian Motion.At last the paper deduces the pricing formula of real option similarly American Option utilizing No-Risk Arbitrage Pricing Theory.
【CateGory Index】: F830.9;F224
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