Intel shares. As indicated in the table below‚ the share price is $19.56 and January put option with a strike price of $17.50 costs $0.475. The investor is comparing two alternatives to limit downside risk. The first is to buy 1 January put option contract with a strike price of $17.50. The second involves instructing a broker to sell the 100 shares as soon as Intel’s price reaches $17.50. Discuss the advantages and disadvantages of the two strategies. Strike Price 15.00 17.50 20.00 22.50
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The psychological contract in a changing work environment Annette Sharpe The Work Institute Abstract This paper examines how organisation changes‚ driven by economic‚ social and technological changes at the macro level‚ have impacted on the psychological contract. Whilst criticised for being an ill-defined concept‚ it is usually taken to refer to ’the implicit relationship that exists between individuals and their employer concerning perceived mutual obligations and expectations ’. Although its
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Different approach taken by the Court of Appeal in Williams v Roffey was it fair or not? It is commonly accepted within the English Contract Law that the models of contractual fairness must exist in contractual disputes. Essential to these models is the doctrine of consideration and the principles that comes under the doctrine of consideration such as laws derived from both Williams v Roffey (1990) and Stilk v Myrick (1809). Starting with the development of the doctrine of consideration and
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Case Write-Up 1: Is the Rookie Ready? A manager listens‚ compromises‚ delegates appropriately‚ coaches and leads by example. Both Tim O’Connell and Kristen Hammersmith are referenced as Managers in HBR’s case study “Is the Rookie Ready” by Sarah Green. Although Kristen is the newly appointment Manager and by default one could argue that she is the rookie; but judging Tim’s behavior and rash decision on the Hybara project‚ I believe he has proven himself as the Rookie Manager. A good manager
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Financial Risk Management‚ FIN3FRM Semester 2‚ 2012 Assignment 1 Q.1 An investor enters into a short forward contract to sell 100‚000 British pounds for U.S. dollars at an exchange rate of 1.9000 U.S. dollars per pound. How much does the investor gain or lose if the exchange rate at the end of the contract is (a) 1.8900 and (b) 1.9200? (2 points) Solutions: a) The investor as part of obligation for selling pounds‚ because of his obligation to sell
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Introduction A contract is formed when one of the parties has to accept an offer made by the other. Here‚ David places an advertisement in the local newspaper of a reward‚ £1000 for the safe return of each of his six cats. This shows he is making an offer to all the readers of the Daily Bungle. An offer is defined as follows: “An offer is a statement of the terms upon which the offeror is prepared to be bound if acceptance is communicated while the offer remains alive1.” The critical aspect of
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Contract is an agreement between two or more competent parties in which an offer is made and accepted‚ and each party benefits. No contract can come into being unless the following features exist: an actual offer‚ an acceptance‚ consideration (this means that each party will contribute something of a material value to the bargain) and an intention to create legal relations. The agreement can be formal‚ informal‚ written‚ or just plain understood. (a) For a contract to exist the offer must be made
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Asif Tufal Contract-Law-page CASES ON FORMATION OF A CONTRACT OFFER Payne v Cave (1789) The defendant made the highest bid for the plaintiff’s goods at an auction sale‚ but he withdrew his bid before the fall of the auctioneer’s hammer. It was held that the defendant was not bound to purchase the goods. His bid amounted to an offer which he was entitled to withdraw at any time before the auctioneer signified acceptance by knocking down the hammer. Note: The common law rule laid down in
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loss of power and relationships between characters started to change. In “A west coast Woman’ by Jan Hopaklyissumqwa Gould‚ Mark becomes disconnected from his community and Sadie and her Grandfather’s relationships started to change. However‚ in “Incidents at the shrine” by Ben Okri‚ Anderson does not fit in is village and Anderson’s relationship with the people in his village changed. First of all‚ in A West Coast Women‚ mark became isolated from his community. His community did not respect the
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According to the article on the opposing viewpoints center‚ one in five adults who smoke already use the electronic cigarette (Sabrina). But why are electronic cigarettes becoming so popular? Electronic cigarettes are meant for the younger generation of smokers‚ they offer many different flavors and have a thicker mist than regular cigarettes. "Blu cigs" is the biggest electronic cigarette company in the world right now because of their product produces a thick smoke and has a wide range of
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