Given a European derivative security with an arbitrary payoff function and a corresponding set ofquot; underlying securities on which the derivative security is based, we solve the dynamic replication problem: find aquot; self-financing dynamic portfolio strategy involving only the underlying...

Given a European derivative security with an arbitrary payoff function and a corresponding set of" underlying securities on which the derivative security is based, we solve the dynamic replication problem: find a" self-financing dynamic portfolio strategy involving only the underlying securities...

Given a European derivative security with an arbitrary payoff function and a corresponding set of" underlying securities on which the derivative security is based, we solve the dynamic replication problem: find a" self-financing dynamic portfolio strategy involving only the underlying securities...