This study uses risk-neutral-probability(RNP,thereafter)to forecast future excepted profits in copper,gold,and platinum group metals.The RNP measures are advantageous where ones want to compare values of the same asse...
Pricing options(calls and puts)in general is a complex issue,given the assumptions that one has to make and sometime markets are asymmetric.McKean-Samuelson(1965)is the first model that prices a perpetual American opt...
We are grateful to the comments of anonymous reviewers,and Tumellano Sebehela’s assistance and insightful comments that improved this article significantly.
The valuation of real estate plays a major role in property market.In the valuation industry there are various models used to estimate the value.The industry has made use of traditional models;however these models do ...
This paper deals with the approach to imposing value-added tax (VAT) on financial transactions. The VAT is a highly harmonized consumption tax within the European Union (EU). VAT operational rules have been set do...
This empirical study explores Can-Do structured products engineered by Johannesburg Securities Exchange (JSE) of South Africa around June 2006. However, as time evolved, different types of Can-Do structured products...
Although, there are numerous empirical studies that explore option pricing on vacant land, there is hardly such study based on a South African case study. Moreover, phenomena observed in certain countries are not alwa...
This exploratory study is attempting to examine how employable individuals turn their focus to start-ups. Today, majority of employees still practice a more or less self-protective strategy. In this paper the authors ...