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Pricing barrier options with discrete dividends

2016/01/05 by D. Jason Gibson, Gibson, D. Jason, Aaron Wingo +1
Business, Management and Accounting · Economics, Econometrics and Finance · #91G20 #Capital Investment and Risk Analysis #FOS: Economics and business #Financial Reporting and Valuation Research #Pricing of Securities (q-fin.PR) #Stochastic processes and financial applications

paper · pdf · doi:10.48550/arxiv.1601.00940

openalex publication_date 2016/01/05 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28

Abstract

The presence of discrete dividends complicates the derivation and form of pricing formulas even for vanilla options. Existing analytic, numerical, and theoretical approximations provide results of varying quality and performance. Here, we compare the analytic approach, developed and effective for European puts and calls, of Buryak and Guo with the formulas, designed in the context of barrier option pricing, of Dai and Chiu.

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