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Risks Of A Callable Range Accrual In this way, the exotic leg can be represented as a string of binary options, one for each day of the life of the product.

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10/07/2012 · Review Of Morgan Stanley Range Accrual Structured The basis of range accruals consists of buying corporate bond and selling binary option for every day

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Range Binary Option. An option that pays off a fixed amount at expiration date exclusively if the price of its underlying remains within a specified range over the

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