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risk-free rate in option pricing

2 messages · Xian Li, Arun Kumar Saha

#
Hi,

As an input for option pricing models (e.g. GBSOption from fOption), how's the risk-free rate of return usually calculated? Shall we just find any T-bill whose maturity date matches the option expiration date and use its value to calculate the compound yield? Are there any existing functions for doing this?

Thanks!

Xian Li
4 days later
#
Dear Xian, as per the Hull's book you should consider a T-Bill with same
maturity as the underlying option contract (as you also said correctly.)
However just make sure that, that rate is expressed in continuous
compounding.

I can also remember that this topic was previously discussed in details here
(just make a search.)

HTH,

Thanks and regards,

_____________________________________________________

Arun Kumar Saha, FRM
QUANTITATIVE RISK AND HEDGE CONSULTING SPECIALIST
Visit me at: http://in.linkedin.com/in/ArunFRM
_____________________________________________________


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