English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

This paper introduces a dynamic change of measure approach for computing theanalytical solutions of expected future prices (and therefore, expectedreturns) of contingent claims over a finite horizon. The new approachconstructs hybrid probability measures called the "equivalent expectationmeasures"(EEMs), which provide the physical expectation of the claim's futureprice until before the horizon date, and serve as pricing measures on or afterthe horizon date. The EEM theory can be used for empirical investigations ofboth the cross-section and the term structure of returns of contingent claims,such as Treasury bonds, corporate bonds, and financial derivatives.

A Theory of Equivalent Expectation Measures for Contingent Claim Returns