%0 Journal Article %A Masamtsu Ohnishi %A Yasuhiro Tamba %T Properties of the Chooser Flexible Cap %D 2007 %R 10.3905/jod.2007.694795 %J The Journal of Derivatives %P 86-102 %V 15 %N 1 %X The plain vanilla cap contract with N repricing dates offers the holder N caplets, such that a payoff is received whenever the market interest rate is above the cap's strike rate on any repricing date. A chooser cap specifies a smaller number of caplets, such that at most lTOPICS: Options, statistical methods %U https://jod.pm-research.com/content/iijderiv/15/1/86.full.pdf