Chapter 3 hedging strategies using futures

... oil futures contracts on June when the futures price is $68.00 It closes out its position on November 10 The spot price and futures price at this time are $75.00 and $72 The gain on the futures ... price close to the futures price This is likely to be particularly attractive when the futures price is less than the spot price An illustration is provided by Example 3. 2 Problem 3...

Ngày tải lên: 25/09/2013, 13:41

... jet fuel in one month and hedges using heating oil futures From historical data σF =0. 031 3, σS =0.02 63, and ρ= 0.928 0.02 63 h = 0.928 × = 0.7777 0. 031 3 * Options, Futures, and Other Derivatives, ... 37 . 03 Optimal number of contracts after tailing = 0.7777 × 3, 880,000 83, 580 = 36 .10 Options, Futures, and Other Derivatives, 8th Edition, Copyright © John C Hull 2012 12 Hed...

Ngày tải lên: 19/04/2015, 16:46

... Using Classes and Objects • We can create more interesting programs using predefined classes and related objects • Chapter focuses on:          object creation and object ... reserved 3- 37 Summary • Chapter focused on:        object creation and object references the String class and its methods the Java standard class library the Random and Math...

Ngày tải lên: 15/03/2014, 11:20

... from the breakdown of the lignins © 2000 by CRC Press LLC L1401-frame-C3 Page 32 Monday, April 10, 2000 9: 23 AM 32 HEAVY METALS IN THE ENVIRONMENT: USING WETLANDS FOR THEIR REMOVAL is released into ... lead in Lepiota procera and 15 .3 ppm in Lepiota nuda © 2000 by CRC Press LLC L1401-frame-C3 Page 38 Monday, April 10, 2000 9: 23 AM 38 HEAVY METALS IN...

Ngày tải lên: 18/06/2014, 19:20

... apartment for $2.1 million The aura of legitimacy almost cost him $1 .3 million A typical instance where the aura of legitimacy can mislead real estate investors is when, for example, reputable real estate ... created by the MSRP gives that illusion • A real estate listing by a major real estate broker specified a condominium apartment for sale at a price of “ $3. 6 mil...

Ngày tải lên: 01/07/2014, 20:20

Ngày tải lên: 02/07/2014, 04:20

... (19 93) ) Chellam et al ( 139 8)) Sethi and Wiesner (1995)) Tan and Sudak (l 992)) Process Flux Operating Permeabhty Recovery Total Cost Capacity [Lm-2h-l] Pressure pm-2h-1 bar-'] ['/O] pS$m -3 ] [dd-l] ... " '3 [m3d-l] MF macropores >50nm (100nm) 0.05 - 0.5 UF mesopores 0.05 - 0.5 micropores 31 000 500 000 turbidty and 63 000 600 000 500 000 000 000 000 000 10 000 000 macromolecul...

Ngày tải lên: 12/08/2014, 05:21

... theory © 2001 by CRC Press LLC FIGURE 3. 4 Profile of the signal of Pb 3. 31 FIGURE 3. 5 Profile of the first input to Pb 3. 32 Pb 3. 33 In DSB-AM (double-sideband amplitude modulation), the amplitude ... following sub-units: mF = 10 3 F (milli-Farad); nF = 10 −9 F (nano-Farad); fF = 10 −15 F (femto-Farad); µF = 10 –6 F (micro-Farad); pF = 10 −12 F (pico-Farad); aF = 10 −18 F (atto-Farad)...

Ngày tải lên: 13/08/2014, 02:21

... In this case, the net input is given by: 3. 2 Fundamentals of Neural Networks 31 y1 y1 y2 * wj1 y2 wj2 wj1 xj yj xj yj wj3 y3 y3 (a) * wj2 (b) y4 Figure 3. 2: Computing unit activations: x=net input, ... occur in time Assuming the task is speech recognition, or some other task in the temporal domain 3. 3 A Taxonomy of Neural Networks 39 The TDNN is trained using standard bac...

Ngày tải lên: 13/08/2014, 02:21

... accuracy of up to 2°C and the feed rate had the deposition speed accuracy of up to 3mm/min Material Loading Port Teflon Insulator Figure 3. 2: Four-axes desktop robot-based rapid prototyping system 3. 4.2 ... (0/90°, 0/60/120° and 0 /30 /60/90/120/150°) as shown in Figure 3. 4 using appropriate positioning of the robotic control system The lay-down patterns of 0/90°, 0/60...

Ngày tải lên: 14/09/2015, 11:12

... four queues queue1 , queue2 , queue3 , queue4 loop (not EOF) read (number) if (number < 10) queue1 .EnQueue(number) else if (number < 20) queue2 .EnQueue(number) else if (number < 30 ) queue3 .EnQueue(number) ... position in array) o DeQueue a queue having only one element: both rear and front must be updated (receive -1 value)  In any successful case, count must be updated 30...

Ngày tải lên: 20/08/2012, 12:05

... feed mechanisms Sclater Chapter 5 /3/ 01 10:20 AM Page 63 63 Sclater Chapter 64 5 /3/ 01 10:20 AM Page 64 Sclater Chapter 5 /3/ 01 10:20 AM Page 65 SEVEN LINKAGES FOR TRANSPORT MECHANISMS Transport mechanisms ... relative positions 72 Sclater Chapter 5 /3/ 01 10:20 AM Page 73 TRAVERSING MECHANISMS FOR WINDING MACHINES The seven mechanisms shown are parts of different yar...

Ngày tải lên: 22/10/2012, 14:26

... nào? - Khi mua? MÔ HÌNH HÀNH VI MUA (tt) Các tác động marketing Sản phẩm, giá bán, phân phối, chiêu thò Quá trình đònh Các tác động môi trường marketing NGƯỜI MUA Đặc điểm cá nhân Đáp ứng người ... nhu cầu: * Người mua cảm thấy có khác biệt tình trạng thực tế tình trạng mong muốn * Nhu cầu xuất phát từ tác nhân nội từ bên Người làm marketing cần phải: - Phát hoàn cảnh gợi lên nhu cầu...

Ngày tải lên: 25/10/2012, 08:58

... CN-69 CN-1 23 CN-149 CN-206 CN- 236 CN-70 CN-128 CN-1 53 CN-214 CN- 237 CN-88 CN- 135 CN-154 CN-216 Air cleaner pressure switch (N.O TYPE) CN-75 CN- 133 CN- 238 CN- 239 CN-240 CN-241 CN-242 CN-246 Fuel ... 30 ※ Check resistance 0.25~0.12Ω - ※ Check resistance 50˚C : 804Ω 80˚C : 31 0Ω 100˚C : 180Ω 86 CR-2 CR-7 CR-9 CR-29 CR -3 0 CR -3 5 CR-47 CR-79 Solenoid valve CN-68 CN-122 CN-140 CN...

Ngày tải lên: 27/10/2012, 08:16

... ↔ psi 7-4 2 75793CD34B ④ Rear camera setting 75793CD35 75793CD35A 75793CD35B 75793CD35C 75793CD35D 75793CD35E 75793CD35F · Reverse mode - If transmission engages the reverse gear (R1~R3), the ... night time while white shows day time) 7-4 1 · Display type setting 75793CD33F 75793CD33H 75793CD33G A type 75793CD33I B type ③ Unit setting 75793CD34 75793CD34A · Temperature : ˚C ↔ ˚F · Dis...

Ngày tải lên: 27/10/2012, 08:17