TY  - JOUR
TI  - <p class="text">Finite Differences Approach to Option Pricing</p>
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - the theory of options
KW  - financial instrument
KW  - bond market
KW  - derivative financial instrument
AB  - The paper shows how partial differential equations for the prices of financial instruments are derived.&nbsp;By the example of convertible bonds and European stock options, it is demonstrated how the initial and boundary conditions leading to completely different solutions for the same equation are set.&nbsp; The results of calculations, including the use of a new difference scheme for this area, are presented.
AU  - Alexey Shvedov
UR  - https://ej.hse.ru/en/2002-6-2/26549446.html
PY  - 2002
SP  - 193-216
VL  - 6