... public offeringsJames AngDepartment of Finance, College of Business, Florida State University,Tallahassee, Florida, USA, and Carol BoyerDepartment of Finance, College of Business, Long Island ... Herman and Mary Virginia Terry Chair of Business Administration and a Josiah Meigs Professor at the University of Georgia. He has a PhD from The Ohio StateUniversity, J.D. from Emory University, and ... stock and futures price volatility of program trading and dynamic hedging strategies’’, Journal of Business, Vol. 61, pp. 275-98.Haugen, R. Talmor, E. and Torous, W. (1991), ‘‘The effect of volatility...