... securities. Equity markets and equity valuation are the topics of Part Four. Finally, derivative securities such as options and futures contracts provide payoffs that are determined by the prices of other ... large-scale production, the size and capital requirements of firms have skyrocketed. For example, General Electric has property, plant, and equipment worth over $40 billion, and total assets in excess of ... that the portfolio ends up with a very heavy representation of firms in one industry, from one part of the country, or with exposure to one source of uncertainty. However, a bottom-up strategy
Ngày tải lên: 10/08/2014, 07:21
... Company Depository Receipts: “Holders”) Select Sector SPDRs (S& P Depository Receipts: “Spiders”) VIPER (Vanguard Index Participation Equity Receipts: “VIPERS”) B Sample of ETF Products Name ... cost of the loan. 4. Suppose that in the previous example, the investor borrows only $5,000 at the same interest rate of 9% per year. What will the rate of return be if the price of IBM goes up ... and sold, your profit is $30,000: The profit equals the decline in the share price times the number of shares sold short. On the other hand, if the price of Dot Bomb goes up unexpectedly while
Ngày tải lên: 10/08/2014, 07:21
essentials of investments with s p bind in card phần 6 docx
... McGraw−Hill Companies, 2003 Macroeconomic and Industry Analysis 405 ample, auto producers can put pressure on suppliers of auto parts This reduces the profitability of the auto parts industry ... Bargaining power of suppliers If a supplier of a key input has monopolistic control over the product, it can demand higher prices for the... Analysis © The McGraw−Hill Companies, 2003 Part FOUR ... sales Survey of purchasing managers 2nd of month 15th of month 1st business day of month Last Tuesday of month 5th business day of month 13th of month 26th of month End of first month of quarter 1st
Ngày tải lên: 10/08/2014, 07:21
essentials of investments with s p bind in card phần 7 pot
... value of principal From the perspective of both lender and borrower, therefore, part of what is conventionally measured as interest expense should be treated more properly as repayment of principal ... $50 Stock price $0 Call option value Compare this payoff to that of a portfolio consisting of one share of the stock and borrowing of $46.30 at the interest rate of 8% The payoff of this portfolio ... Simply set the value of the hedged portfolio equal to the present value of the known payoff Using our example, the option-pricing technique would proceed as follows: Given the possible end -of- year
Ngày tải lên: 10/08/2014, 07:21
essentials of investments with s p bind in card phần 8 pps
... Profit Profit Payoff Profit X PT PT F0 A Long futures profit = PT – F0 F0 B Short futures profit = F0 – PT C Buy a call option F I G U R E 16.3 Profits to buyers and sellers of futures and options ... Ͼ X Payoff of call held 0 S T Ϫ X ϪPayoff of put written Ϫ(X Ϫ S T )0 Total S T Ϫ XS T Ϫ X Figure 15.5 illustrates this payoff pattern. Compare the payoff to that of a portfolio made up of the ... sum of the exposures of the two components of the portfolio: the stock and the put. The net exposure of the portfolio equals the equity exposure less the (offsetting) put option exposure. We can
Ngày tải lên: 10/08/2014, 07:21
essentials of investments with s p bind in card phần 9 ppt
... is shown in Spreadsheet 18.4. It adapts the savings plan of Spreadsheet 18.2. The top panel of the sheet deals with the earning years. Column D adjusts the exemption (D2) by the price level (column ... is part of the study of active portfolio management Its test is in its ability to generate abnormal profits in this pursuit Technical analysis focuses more on past price movements of ... versus Unsheltered Savings Suppose your desired level of savings is double... of economic theory But with the possible exception of overreaction of stock prices, behavioral finance has
Ngày tải lên: 10/08/2014, 07:21
essentials of investments with s p bind in card phần 10 potx
... end up with timing ability of P 1 ϩ P 2 Ϫ 1 ϭ 0. If C denotes the (call option) value of a perfect market timer, then (P 1 ϩ P 2 Ϫ 1)C measures the value of imperfect forecasting ability. 704 Part ... parity relationship, or covered interest arbitrage relationship The spot-futures exchange rate relationship that precludes arbitrage opportunities Bodie−Kane−Marcus:... well equipped to properly ... construction of the optimal risky portfolio is purely a technical problem and that there is a single optimal risky portfolio appropriate for all investors. Investors differ only in how they apportion
Ngày tải lên: 10/08/2014, 07:21
essentials of investments with s p bind in card phần 3 docx
... universe of risky assets Next we determine the optimal portfolio of risky assets by finding the portfolio that supports the steepest CAL Finally, we choose an appropriate complete portfolio... ... Return: Past and Prologue © The McGraw−Hill Companies, 2003 a. If you require a risk premium of 10%, how much will you be willing to pay for the portfolio? b. Suppose the portfolio can be purchased ... relationship between the required risk premium on a portfolio and the price at which the portfolio will sell? For problems 19–23, assume that you manage a risky portfolio with an expected rate of re-
Ngày tải lên: 10/08/2014, 07:21
Báo cáo khoa học: Interactions of elongation factor EF-P with the Escherichia coli ribosome doc
... P and... (Spedding G ed.), pp 69–80 IRL Press, Oxford Bradford MM (1976) Rapid and sensitive method for quantification of microgram quantities of protein utilizing the principle of protein-dye ... amount of EF -P bound, to the area of the peaks, which is related to the total amount of the ribosome population in that region of the polyribosome profile, is plotted as a function of the percentage ... Interruption of the efp gene is lethal to the cell and results in an abrupt cessation of protein synthesis, specifically in an impairment of peptide-bond formation [10]. Cells deleted for efp grow
Ngày tải lên: 16/03/2014, 06:20
Báo cáo toán học: " Existence and multiplicity of solutions for nonlocal p(x)-Laplacian equations with nonlinear Neumann boundary conditions" ppt
... operator p( x) u = div(|∇u| p( x)−2 ∇u) is called p( x)-Laplacian, which becomes p- Laplacian when p( x) ≡ p (a constant). The p( x)-Laplacian possesses more complicated nonlinearities than p- Laplacian. ... Np(x) N? ?p( x) , p ∗ = (N−1 )p( x) N? ?p( x) , when p( x) < N, and p ∗ = p ∗ = ∞, when p( x) > N. Proposition 2.1 [22, 41]. (1) If p ∈ C + (Ω), the space (L p( x) (Ω), | · | p( x) ) is a separable, ... L p( x) (Ω)}, and it can be equipped with the norm u = |u| p( x) + |∇u| p( x) , where |∇u| p( x) = ∇u p( x) ; and we denote by W 1 ,p( x) 0 (Ω) the closure of C ∞ 0 (Ω) in W 1 ,p( x) (Ω), p ∗ = Np(x)
Ngày tải lên: 20/06/2014, 21:20
báo cáo hóa học:" Research Article Extremal Values of Half-Eigenvalues for p-Laplacian with Weights in L1 Balls" potx
... t cosp θ ⎩b t cos θ p p p p − sinp θ p − sinp θ p? ?? p ∗ G t, θ; a, b ? ?p ⎪ a t − ? ?p cosp θ ? ?p? ?? sinp θ ⎨ : ⎪ p b t − φ cos θ φ ∗ sin θ ⎩ p p p p log r if cosp θ ≥ 0, 2.5 if cosp θ < 0, if cosp θ ... 2? ?p -periodic, where 2π p − ? ?p ii cosp θ if and only if θ θ m? ?p , m ∈ Z; iii |cosp θ |p r 2 /p? ?? 1 /p ? ?p /2 2.3 ; p sin π /p m? ?p , m ∈ Z, and sinp θ if and only if ∗ p − |sinp θ |p ≡ By setting p ... inf λF q : q ∈ Lγ , m,γ m F Mm,γ r : sup λF q : q ∈ Lγ , m q q γ ≤r , 1.5 γ ≤r , where the superscript F denotes N or P if m and D or N if m > By the limiting approach γ ↓ 1, the most important
Ngày tải lên: 21/06/2014, 11:20
Báo cáo hóa học: " Research Article The Method of Subsuper Solutions for Weighted p r -Laplacian Equation Boundary Value Problems" doc
... these kinds of problem, for example, 1–18.Ifwr ≡ p? ??r ≡ p a constant, ? ?P? ?? is the well-known p- Laplacian problem. Because of the nonhomogeneity of p? ??x-Laplacian, p? ??x-Laplacian problems are ... Methods & Applications, vol 67, no 4, pp 1055–1067, 2007 15 Q Zhang, “Oscillatory property of solutions for p t -Laplacian equations,” Journal of Inequalities and Applications, ... subsolution of p? ??x-Laplacian problems, even if the first eigenfunction of p? ??x-Laplacian exists.On the existence of solutions for p? ??x- Laplacian equations Dirichlet problems via subsuper solution methods,
Ngày tải lên: 22/06/2014, 03:20
pCMVvegf165 Intramuscular Gene Transfer is an Effective Method of Treatment for Patients With Chronic Lower Limb Ischemia
... amputations in the test group were performed in patients with pain at rest at baseline (Table 6) Of a total of amputations in the control group, was performed in a patient with ischemic rest pain ... These findings correspond with the results of other studies of plasmid VEGFf165 gene products.3,17,22 The evaluation of efficacy appeared more difficult The use of gene therapy in patients who were ... 001 Table Number of Amputations and Patients Who Died During the Observation Period in Test (pCMV-vegf165) and Control Groups pCMV-vegf165 Group Time Points Control Group Patients Patients Who Who
Ngày tải lên: 30/08/2018, 00:25
Cinicomycological study of otomycosis with antifungal drug susceptibility testing of candida isolates using disk diffusion method in Kota region, Rajasthan, India
... Candida spp Penicillium Scopulariopsis Geotrichum No of cases 58 23 12 1 Table.2 Showing the distribution of cases as per the Predisposing Factors present Among the Study Population Predisposing ... 56 % of the cases Following it, use of wooden, metallic and paper roll was present in 35% of the cases as predisposing factor Cerumen was absent in 70 % of the patients [Table2] History of swimming ... albicans, Penicillium, scopulariopsis and dermatophytes like Epidermophyton floccosum, Trichophyton mentagrophytes and Trichophyton violaceum (8) Other organisms like Malassezia sympodialis (9) and Pseudallescheria
Ngày tải lên: 05/11/2020, 04:53
Constructions of sex and intimacy after cancer: Q methodology study of people with cancer, their partners, and health professionals
... about patient and professional understanding of cancer and sexuality post-cancer This study was designed to explore the complex perspectives that people with personal and professional experience with ... of the Q method are described below for the current study, with further description of the principles and method of Q methodology described elsewhere [51] Item sampling – development of the Q ... To capture viewpoints from a range of professional groups, doctors, 11 nurses, 10 psychologists and social workers completed the Q sort Figure Participant response grid (Q grid) Page of 13 Procedure
Ngày tải lên: 05/11/2020, 06:37
A Method of Linking Surveys Using Affective “Signatures” with an Application to RacialEthnic Groups in the U.S.
... A Method of Linking Surveys Using Affective “Signatures” with an Application to Racial/Ethnic Groups in the U.S Marisa A Abrajano Keith T Poole Department of Political Science University of ... This paper addresses a concern often faced by social scientists who study subgroups within a given population, as they are frequently limited in the scope and breadth of their research questions ... questions due the quality of available survey data (i.e inadequate sample size or lack of comprehensive questions) To address this problem, we develop a procedure for linking respondents from different
Ngày tải lên: 19/10/2022, 02:38
Tài liệu Pricing Stock Options Under Stochastic Volatility And Interest Rates With Efficient Method Of Moments Estimati ppt
... namely underpricing of short-term deep OTM options, overpricing of long-term deep OTM options, and underpricing of deep ITM options This is consistent with our diagnostics of the SV model specification, ... shown to improve the explanatory power over the Black-Scholes model, empirical implications of SV models on option pricing have not yet been adequately tested The purpose of this paper is to first ... may not be adequate and one should consider a fatter-tailed SV model or a jump process This can also be seen by comparing the sample properties of the data with the sample properties of the SV model...
Ngày tải lên: 21/12/2013, 01:20
CLASSIFICATION OF SOLUTIONS FOR A SYSTEM OF INTEGRAL 2 EQUATIONS WITH NEGATIVE EXPONENTS VIA THE METHOD OF 3 MOVING SPHERES
... x| 2n−pq +p p |ξ x,λ − z |p − |ξ − z |p vx,λ (z) q dz, SYSTEM OF INTEGRAL EQUATIONS VIA THE METHOD OF MOVING SPHERES The representation of vx,λ (ξ) − v(ξ) can be found similarly Finally, the positivity ... 2n−pq +p λ |z − x| |ξ x,λ − z |p v(z) q dz |z−x| λ and |ξ x,λ − z |p v(z) q dz u(ξ) = |z−x| λ 19 + 20 21 |ξ − x| λ p |ξ x,λ − z |p |z−x| λ 23 2n−pq +p vx,λ (z) q dz Therefore, k(x, λ; ξ, z) v(z) q ... of (1.1), we have ux,λ (ξ) = λ |z − x| 2n−pq +p |ξ − z |p λ |z − x| 2n−pq +p |ξ − z |p Rn and vx,λ (ξ) = Rn for any ξ ∈ Rn Proof Using our system (1.1), we obtain u(ξ x,λ ) p |ξ x,λ − y |p v(y)−q...
Ngày tải lên: 14/10/2015, 07:54
Applications of q-deformed Fermi-Dirac statistics and statistical moment method to study thermodynamic properties, magnetic properties of metals and metallic thin films
... Fermion particles with the hope that quantum group will help us bring up the physical model more generally, and have more precise supplement with experiments; and the investigation of elementary particles ... under the effect of pressure 3.2.1 Equation of state of metallic thin film Equation of state plays an important role determining the properties of thin film under the effect of pressure Since the ... value of q = 0,642 for alkali metal group and q = 0,546 for transition metal group We use the same parameter q for each metal group and plot the temperature dependence of the heat capacity of the...
Ngày tải lên: 01/11/2016, 20:14
Báo cáo y học: "Special considerations in the treatment of patients with bipolar disorder and medical co-morbidities"
... review of effective pharmacotherapies is beyond the scope of this paper which will perform a selective review the psychotropic medications often prescribed to patients with bipolar disorder, with ... in patients with normal glucose levels during first year of therapy Page of 10 (page number not for citation purposes) Annals of General Hospital Psychiatry 2004, http://www.general-hospital-psychiatry.com/content/3/1/7 ... frequency of approximately per 37,000 persons exposed [56] Certain groups have an increased risk of per 500, including those with http://www.general-hospital-psychiatry.com/content/3/1/7 personal...
Ngày tải lên: 25/10/2012, 10:51