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Tài liệu The Blackwell Encyclopedic Dictionary of Finance pptx

Tài liệu The Blackwell Encyclopedic Dictionary of Finance pptx

Anh văn thương mại

... or otherwise, without the prior permission of the publisher. Except in the United States of America, this book is sold subject to the condition that it shall not, by way of trade or otherwise, ... numerically. The optimal value of the asset volatility is an increasing function of the bank leverage and a decreasing function of the knock-out value K. This result means that the greater the bank's ... forecasting volatility for the period to maturity of the option. The third assumption is that there are no transaction costs, so that the proportions of the asset and option in the hedged portfolio...
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The Blackwell Encyclopedic Dictionary of Finance ppt

The Blackwell Encyclopedic Dictionary of Finance ppt

Anh văn thương mại

... overcomes both of these problems. The value of the bank capital is: where Ct is the current market value of the bank capital, At is the stochastic current value of the bank assets, ... process, where µt is the expected instantaneous rate of return of the bank assets, σt is the standard deviation of the instantaneous rate of return of the bank assets, z is a standard ... contractual relationship examined – the economic theory of agency and the financial theory of agency. The economic theory of agency examines the relationship between a single principal who provides...
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