Lecturer, Department of Finance, The Wharton School, University of Pennsylvania. The author thanks Stephen Ross, Jeffrey Jaffe, and Randolph Westerfield for helpful discussions; Sudipto Bhattacharya, a referee for this Journal, for useful comments; and the Rodney L. White Center for Financial Research for assistance in preparing the manuscript.
THE VALUE OF AN OPTION TO EXCHANGE ONE ASSET FOR ANOTHER
Article first published online: 30 APR 2012
1978 The American Finance Association
The Journal of Finance
Volume 33, Issue 1, pages 177–186, March 1978
How to Cite
Margrabe, W. (1978), THE VALUE OF AN OPTION TO EXCHANGE ONE ASSET FOR ANOTHER. The Journal of Finance, 33: 177–186. doi: 10.1111/j.1540-6261.1978.tb03397.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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