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Touch Rebate Barrier Option

A rebate barrier option where a rebate is paid if the barrier has not been touched (for knock-in options) or has been touched (for knock-out options). The payoff of this option is a specific amount (a rebate) if a barrier is (or is not) breached, or the payoff of a vanilla option otherwise. The touch rebate barrier option can be established using a simple barrier or a double barrier touch rebate.


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