Turbo Warrants under Hybrid Stochastic and Local Volatility

This paper considers the pricing of turbo warrants under a hybrid stochastic and local volatility model. The model consists of the constant elasticity of variance model incorporated by a fast fluctuating Ornstein-Uhlenbeck process for stochastic volatility. The sensitive structure of the turbo warra...

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Bibliographic Details
Main Authors: Min-Ku Lee, Ji-Hun Yoon, Jeong-Hoon Kim, Sun-Hwa Cho
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2014/407145
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