Investment Guarantees the new science phần 4 potx

... khi bạn đã hướng dẫn nó không thực hiện việc này từ trước. Bạn chọn Start, và trong hộp thoại Start Search, gõ vào lệnh problem reports and solutions và nhấn <Enter>, sau đó chọn Change ... lỗi đến Microsoft. Trong Windows XP, bạn chọn Start.Run, gõ vào lệnh system.cpl và nhấn <Enter>. Trong cửa sổ System Properties, bạn chọn thẻ Advanced và nhấn vào nút Error...

Ngày tải lên: 23/07/2014, 22:21

... you would see that the cursor jumps to the parenthesis at the end of the line. This is the closing parenthesis that matches the opening one. Similarly if the cursor is on one of the closing bracket ... name will look at the tags file to find out which file contains the definition of the function name. It will then read in the file and position the cursor on the lin...

Ngày tải lên: 08/08/2014, 21:23

... 20 04 - '02 Forecast 20 04 - ' 04 Forecast 2007 - '02 Forecast 2007 - ' 04 Forecast 2010 - '02 Forecast 2010 - ' 04 Forecast $93.66 $ 84. 04 $111 .45 $98.82 $126.57 ... $31 .48 $25.62 $37.36 $33.07 Solid Waste $21.97 $20.35 $23 .43 $21 .47 $25.60 $23.59 Sewer $35. 64 $30.68 $42 .63 $37.89 $47 .40 $45 .72 Drainage $9.97 $9.20 $13.91 $13. 84 $1...

Ngày tải lên: 09/08/2014, 19:22

... text 246 Crystal Reports 9: The Complete Reference ■ Spacing—Of x Times Normal Specifies the associated number for the Multiple or Exact Line Spacing option. ■ Reading Order Specifies whether the ... records. The result is shown here: 268 Crystal Reports 9: The Complete Reference The line or box will appear on the report, complete with sizing handles. You...

Ngày tải lên: 12/08/2014, 16:20

... brackets, is the number by which the user references the job. The system process number is the number by which the system identifies the job. In the next example, the command to print the file ... with the job either in the foreground or the background using the fg or bg command. The fg command restarts a suspended job in the foreground. The bg command p...

Ngày tải lên: 13/08/2014, 02:23

... for Segregated Fund Guarantees 13 4 Pricing by Deduction from the Separate Account 14 2 The Unhedged Liability 14 3 Examples 15 1 Introduction 15 7 The Quantile Risk Measure 15 9 The Conditional Tail ... Black-Scholes-Merton Assumptions 12 3 The Black-Scholes-Merton Results 12 4 The European Put Option 12 6 The European Call Option 12 8 Put-Call Parity 12 8 Dividend...

Ngày tải lên: 14/08/2014, 05:20

... ΃΃ ϪϪ ϪϪ ϪϪ Ϫ ␮␮␴␴ ␮␮ ␴␴ ␮ ␴ ␮␴ ␮␮␴␴ MODELING LONG-TERM STOCK RETURNS 0 2 22 12 12 22 22 2 12 2 12 2 22 22 2 21 2 21 2 0 Thenwemaysimulatefuturevaluesforstockreturnsforanyperiod[ r, – 1 r ) GENERALSTOCHASTICVOLATILITYMODELS 38 ʦʦ / סס ס ס ס = = = = + ... ProbabilityFunctionsfor 34 S = = ס םס םס םס ססס םם סססםסס = סם סם , . pp. pp. pp. pp . pppp prRrRr. R nS nS SRR,RRRnR. RRnR....

Ngày tải lên: 14/08/2014, 05:20

... 10 = ם K S $1000atmaturity,evenifthemarketvalueofherorhisportfoliois lessthan$1000atthattime.Itistheresponsibilityoftheinsurertopay ),theexcessoftheguaranteedamountoverthemarketvalue oftheassets,meaningthattheinsurerpaysthepayoffunderaputoption. Therefore,thetotalsegregatedfundpolicybenefitismadeupofthe policyholder’sfundplusthepayofffromaputoptiononthefund.From put-callparityweknowthatthesame...

Ngày tải lên: 14/08/2014, 05:20

... 933.8 9 24. 4 930.8 10 AR-ARCH 4 935.0 922.5 931.0 10 STABLE 4 945 .2 932.7 941 .2 0.0003 GARCH 4 939.1 926.6 935.1 10 AR-GARCH 5 939.1 923 .4 9 34. 1 10 RSLN-2 6 953 .4 947 .4 RSAR-2 8 953.8 928.7 945 .8 ... 885.7 879 .4 883.7 10 AR(1) 3 887 .4 878.0 8 84. 4 10 ARCH 3 889 .4 880.0 886 .4 10 AR-ARCH 4 889 .4 876.9 885 .4 10 STABLE 4 912.2 899.7 908.2 10 GARCH 4 896.2 883....

Ngày tải lên: 14/08/2014, 05:20

... 0.0 0.2 0.3 0.4 0 .5 949 950 950 951 951 951 951 951 951 951 951 952 952 952 952 952 952 952 952 Regime 2 SD Pr[1–>2] 0.06 0.07 0.08 0.09 0.2 0.3 0.4 0 .5 947 948 948 948 949 949 950 950 951 951 951 952 952 FIGURE ... 0.040 0.02 0.04 0.06 9309 35 9 35 940 940 9 45 9 45 9 45 9 45 9 45 950 950 950 950 950 950 950 Regime 2...

Ngày tải lên: 14/08/2014, 05:20

... 121.11 0.0505 1.2 06% 122. 26 158.99 36. 73 144–145 158.99 0. 066 2 1 .64 9% 155.98 158.99 3.01 145–1 46 155.98 0. 065 0 4. 362 % 162 .38 158.99 0 . . . 263 – 264 471.99 0.1 967 6. 755% 512 .61 158.99 0 GMAB Example tt ... 0 9–10 99.89 0.04 16 10.708% 110.31 80 0 10–11 110.31 0.0 460 6. 302% 103.40 80 0 . . . 23–24 148.47 0. 061 9 7.3 56% 158.99 80 0 24–25 158.99 0. 066 2 1.917% 161 .63...

Ngày tải lên: 14/08/2014, 05:20

... 37. 708 6.412 6.516 0.105 3 103.4 47 32. 577 39.209 6.632 6.842 0.210 4 101 .70 3 34.901 42.081 7. 180 7. 377 0.1 97 5 100.251 37. 081 44 .75 9 7. 679 7. 889 0.211 6 101 .78 4 36.104 43.203 7. 099 7. 336 0.2 37 7 ... 18 .71 4 1.903 2.106 0.202 13 119.696 17. 7 67 19 .71 8 1.951 2. 171 0.219 14 128.840 9.442 10.280 0.838 0.693 0.145 15 131.346 7. 209 7. 782 0. 573 0 .70 6 0.133 16...

Ngày tải lên: 14/08/2014, 05:20

... 0.93 0.11 0. 68 0.93 4 23.66 15 .81 6 .88 3.13 1.25 0.17 0.47 0.74 3 27.76 18. 34 7.99 3.64 1.53 0.29 0.33 0.60 2 31 .86 20 .88 9.11 4.15 1 .81 0.41 0.19 0.47 1 36.60 23.91 9.92 3. 58 0 .87 0.11 0.37 ... 11.33 7.15 2 .87 0.71 0.44 1.07 1.40 1. 58 8 13.16 8. 27 3.62 1. 18 0. 08 0 .83 1.21 1.41 7 15.25 9.95 4.45 1.75 0.26 0.61 1.05 1.26 6 17.35 11.63 5. 28 2.31 0.61 0.39 0 .89 1.11 5 20....

Ngày tải lên: 14/08/2014, 05:20

... 17.06 Dynamic hedging 195 6– 199 9 1.75 2.36 3.28 197 9–2001 2.87 3.45 4.33 199 0–2001 2.36 2.76 3.54 Model Uncertainty Risk Management Data Period CTE CTE CTE p 90 % 95 % 99 % The reason for the difference ... 11.4 MODEL UNCERTAINTY 2 19 Stress testing; risk measures for 20-year GMAB contract, per $100 single premium. Actuarial 195 6– 199 9 5 .93 8.85 14.11 197 9–2001 7.85 11.03 1...

Ngày tải lên: 14/08/2014, 05:20

... mortality ignored. Then, using 100 ,000 simulations, the estimated value of the option before allowing for the control variate is $86.630; the estimated value of the ratcheted premium using the same simulations ... at renewal dates. The annual charge is 100 percent compounded continuously. At the renewal and maturity dates, if the fund has fallen below the previous renew...

Ngày tải lên: 14/08/2014, 05:20