# optstockbybjs

Price American options using Bjerksund-Stensland 2002 option pricing model

## Description

computes American option prices with continuous dividend yield using the Bjerksund-Stensland
2002 option pricing model. `Price`

= optstockbybjs(`RateSpec`

,`StockSpec`

,`Settle`

,`Maturity`

,`OptSpec`

,`Strike`

)

**Note**

Alternatively, you can use the `Vanilla`

object to price
vanilla options. For more information, see Get Started with Workflows Using Object-Based Framework for Pricing Financial Instruments.

## Examples

## Input Arguments

## Output Arguments

## More About

## References

[1] Bjerksund, P. and G. Stensland. “Closed-Form Approximation of American
Options.” *Scandinavian Journal of Management.* Vol. 9, 1993,
Suppl., pp. S88–S99.

[2] Bjerksund, P. and G. Stensland. *“Closed Form Valuation of
American Options.”* Discussion paper, 2002.

## Version History

**Introduced in R2008b**

## See Also

`intenvset`

| `toRateSpec`

| `IRDataCurve`

| `stockspec`

| `Vanilla`