k*******d
发帖数: 1340 | 1 看到版上很多面试都问到这个，American put, interest rate increases, more
likely
to early exercise or less likely? 看到John Hull书上提到，这时候early
exercise
是more attractive的，但是没有解释，请问怎么解释这个呢？ |
s******C
发帖数: 48 | 2 Only when it is deep in the money. You exercise and put the money to make
more interest |
h*y
发帖数: 1289 | 3 if stock and ir are neg corr, this is likely the case
【在 s******C 的大作中提到】
: Only when it is deep in the money. You exercise and put the money to make
: more interest
|
c****o
发帖数: 1280 | 4 but they should be positive correlated right? The simple explanation would
be CAPM...........
【在 h*y 的大作中提到】
: if stock and ir are neg corr, this is likely the case
|
y*******o
发帖数: 6632 | 5 they should be negative
camp is for required return
if the required return increase, the price of stock decrease
【在 c****o 的大作中提到】
: but they should be positive correlated right? The simple explanation would
: be CAPM...........
|
k*******d
发帖数: 1340 | 6 这一点能展开说说吗？为什么required return increase, price decrease?
【在 y*******o 的大作中提到】
: they should be negative
: camp is for required return
: if the required return increase, the price of stock decrease
|
