asset pricing model (CAPM), the arbitrage pricing theory (APT), the consumption capital asset pricing model (CCAPM), the …

The aim of this paper is to re-examine the sequential-financing hypothesis in the context of convertible bond issuances …

endogenous. By way of numerical examples, we explore the relationship between mean-variance equilibrium and free of arbitrage …

assumption of perfect capital markets and the associated arbitrage argument. In this text we review the perfect market assumption … and no-arbitrage principle. Then, we restate and comment the proofs of MM proposition in current perspectives. We focus on … the evolution on the understanding of arbitrage, the breakthrough from a deterministic world into a world of uncertainty …

English Abstract: The fundamental pricing theory of derivatives is based on the assumptions of arbitrage-free and … with two assets and two states provides an intuitive and concise way to interpret this theory. As a result, English … textbooks on derivatives present them in reverse order. In particular, they tend to neglect that the assumption of arbitrage …

bond issuers are encouraged to launch "pandemic bonds" for epidemic prevention and control. This article uses Copula model … to analyze the correlation between the credit spread of pandemic bonds and the corresponding bond market yields. The …-short-term pandemic bonds are highly correlated with corresponding bond markets. The analysis of the correlation coefficients between them …