The Valuation of Uncertain Income Streams and the Pricing of Options
- 1 January 1976
- journal article
- Published by JSTOR in The Bell Journal of Economics
- Vol. 7 (2) , 407
- https://doi.org/10.2307/3003264
Abstract
A simple formula is developed for the valuation of uncertain income streams consistent with rational risk averse investor behavior and equilibrium in financial ...Keywords
All Related Versions
This publication has 0 references indexed in Scilit: