Study and edition of the Complete Villancicos of Padre Antonio Soler (1729-1783), Chapel Master of Escorial Monastery in Spain

The article presents a model for pricing digital-type barrier options on baskets of equity stocks. Within each payment period, there is a series of basket observation times. If at each observation time we observe that all basket constituent stocks remain between their lower and upper barriers, we receive a fixed coupon amount on the payment date…[Read more]