Explain why the BSM may not hold in the real world. Identify and discuss the factors that challenge BSM in practice and if there are any alternatives to BSM.
Vanguard Asset Management Inc. Vanguard Asset Management Inc. (VAM) is currently operating in the UK and specialises in managing equity portfolios for different institutional clients. It relies heavily on using derivative contracts for managing the risks around the equity investments for the portfolios it manages for different institutional investors. As a junior analyst on the […]