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The authors use a method based on the idea of super-replication. The price of a contingent claim obtained by this method is called the upper hedging price. Let \\((\\Omega,{\\mathcal F}(T),P)\\) be a canonical probability space for a Brownian motion \\(W(t)\\), and let \\(F(t), 0\\leq t\\leq T\\) be the corresponding filtration. Let us denote by \\(\\Lambda=\\{\\lambda: \\lambda\\) is an \\(\\{F(t),0\\leq t\\leq T\\}\\)-adapted, nondecreasing, continuous process with \\(\\lambda(0)=0\\}\\). The following result is proved.   Let \\(g\\) be a nonnegative lower semicontinuous function defined on \\(C_{+}[0,T]\\) - the space of nonnegative continuous functions on \\([0,T]\\). The upper hedging price for the contingent claim with payoff \\(g(S)\\) at the expiration date \\(T\\) and hedge-portfolio constraint \\(\\pi(t)\\geq -\\alpha, 0\\leq t\\leq T, \\alpha\\in [0,\\infty)\\) a.s. is \\(v(0, S(0);\\alpha)=\\sup_{\\lambda\\in\\Lambda} E\\left[e^{-rT- \\alpha\\lambda(T)}g(Se^{-\\lambda})\\right]\\), where \\(S=\\{S(t)= S(0)\\exp\\{\\sigma W(t)+rt-\\sigma^2 t/2\\}, 0\\leq t\\leq T\\}\\). An application of this result for valuation of the knock-out call option is presented as well as an extension of the obtained result for the knock-out options with discrete checking of barriers. As examples the cactus option, digital put, discrete barrier option, vanilla put, lookback put, Asian put, book of two barrier options are considered.","type":"string"},"datatype":"string"},"type":"statement","id":"Q1849790$6B358C2B-BC56-4A1F-B68F-6C2533794FAC","rank":"normal"}],"P226":[{"mainsnak":{"snaktype":"value","property":"P226","hash":"82cd6ba3de809c77ad4ab5a51dd4d14c3b158a01","datavalue":{"value":"91G20","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1849790$6EB48276-F6E7-4A48-A196-DD53041220CF","rank":"normal"}],"P1451":[{"mainsnak":{"snaktype":"value","property":"P1451","hash":"2c72fedabbf7935b3c04fe4fb306aecd7989923e","datavalue":{"value":"1837543","type":"string"},"datatype":"external-id"},"type":"statement","id":"Q1849790$BDF197D5-2BBE-43D4-8E8F-237612407DFC","rank":"normal"}],"P1450":[{"mainsnak":{"snaktype":"value","property":"P1450","hash":"4f1bd039335208aec577c71814985e7dbc7dc654","datavalue":{"value":"exotic 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