| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5069466 | Finance Research Letters | 2016 | 9 Pages |
Abstract
A financial portfolio typically pays dividend based on its value. We show that there is a unique portfolio that pays the maximum dividend rate while remaining solvent, under appropriate assumptions. We also give a characterization of both the portfolio and the optimal dividend rate.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Peter Carr, Pratik Worah,