Abstract
In this chapter we develop a no-arbitrage price theory in a general framework. This gives rise to pricing formulas for derivatives as well as to a theory on the term structure of interest rates. We begin by stating the fundamental theorem for no-arbitrage, which is the main theme of this chapter, and then understand what the statement carries.
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© 2003 Springer Science+Business Media New York
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Kariya, T., Liu, R.Y. (2003). General No-Arbitrage Asset Price Theory. In: Asset Pricing. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-9230-7_5
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DOI: https://doi.org/10.1007/978-1-4419-9230-7_5
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-4849-8
Online ISBN: 978-1-4419-9230-7
eBook Packages: Springer Book Archive