Hassan, Taufiq; Mohamad, Shamsher; Ariff, Mohamed; … - 2007
contract) prices and also records the effect of a major financial crisis on the prices. Since the inception of trading in 1995 …, the FKLI has been selling at a discount, which gradually increased till early 1997; further, at the onset of the financial … crisis in July 1997, FKLI prices were at a high premium relative to its theoretical values. This significant mispricing of …