![](https://www.ascenteum.co.uk/wp-content/uploads/2024/01/latest_bk_20.png)
January 3, 2024 (NO COMMENTS)
Bastien Baldacci, Jerome Lemue and Lee Russell introduce a new methodology for the valuation of share buy-back programmes. They introduce a number of heuristics to reduce the valuation of buy-back to that of an American option. The repurchase strategy is then given by the delta of the payoff. This methodology agrees with traditional pricing