Stock selling during takeovers
نویسندگان
چکیده
منابع مشابه
Selling a Stock at the Ultimate Maximum
where the infimum and supremum are taken over all stopping times τ of Z . We show that the following strategy is optimal in the first problem: if μ ≤ 0 stop immediately; if μ ∈ (0, σ) stop as soon as Mt/Zt hits a specified function of time; and if μ ≥ σ wait until the final time T . By contrast we show that the following strategy is optimal in the second problem: if μ ≤ σ/2 stop immediately, an...
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ژورنال
عنوان ژورنال: Journal of Corporate Finance
سال: 2020
ISSN: 0929-1199
DOI: 10.1016/j.jcorpfin.2019.101550