Estimating discrete dividends by no-arbitrage
提出一种仅利用期权市场价格和看跌-看涨平价关系的无套利方法，用于估计离散股息支付，同时校准市场隐含贴现曲线，确保现货与衍生品市场的一致性。
We develop and showcase a simple no-arbitrage methodology for the valuation of discrete dividend payments, based exclusively on market prices of options via the put-call parity. Our approach integrates all available option market data and simultaneously calibrates the market-implied discount curve, thus ensuring consistency across spot and derivative markets. We illustrate our method using stocks of European blue-chip companies.