A barrier option (introduced in the mid-1990s by Bankers Trust Australia) in which the barrier level needs to be breached for a specific number of dates (or points in time) in order for the option not to knock out. This type of option aims to avoid a knock out by adding a time requirement to the barrier condition.
Derivatives
Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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