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Math. Comput. Appl. 2013, 18(3), 244-250; doi:10.3390/mca18030244

Invariant Approaches to Equations of Finance

1
Differential Equations, Continuum Mechanics and Applications, School of Computational and Applied Mathematics, University of the Witwatersrand,Private Bag 3, Wits 2050, South Africa
2
Centre for Mathematics and Statistical Sciences,Lahore School of Economics, Lahore, 53200, Pakistan
*
Author to whom correspondence should be addressed.
Published: 1 December 2013
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Abstract

We firstly show how effective it is to utilize the invariant criteria for scalar linear (1+1) parabolic equations in order to perform reductions to the three Lie canonical forms of a bond-pricing model from finance. As a consequence we arrive at new results on bond-pricing equations that admit four nontrivial symmetries. In the second part we draw attention to a new method developed for equations of economics.
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

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MDPI and ACS Style

Mahomed, F.M.; Mahomed, K.S.; Naz, R.; Momoniat, E. Invariant Approaches to Equations of Finance. Math. Comput. Appl. 2013, 18, 244-250.

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Math. Comput. Appl. EISSN 2297-8747 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
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