Question 1 Consider an option on a non-dividend-paying stock when the stock price is $30‚ the exercise price is $29‚ the risk-free interest rate is 5% per annum‚ the volatility is 25% per annum‚ and the time to maturity is four months. a. What is the price of the option if it is a European call? b. What is the price of the option if it is an American call? c. What is the price of the option if it is a European put? d. Verify that put–call parity holds. Question 2 Assume
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Democratic and authoritarian are two very different and contradicting forms of political regimes. They differ in the way a country or a state is managed. In attempting to identify and discuss the differences between the two regimes‚ we should think what implications do the two regimes have on the political system. How are they different in terms of the institutions they inherent? How are rulers elected and which one provides the more comprehensive representation? How does the law making process differ
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ISCTE – SCHOOL OF MANAGEMENT COMPARATIVE INTERNATIONAL MANAGEMENT Similarities and Differences between Arab and American Managers Predominant Characteristics 1 2 3 Leadership Style Arab Stereotype Egalitarian‚ emphasis on peer approval and gain personal acceptance. Consultative Ritual‚ display a high desired for long-term relations‚ affective‚ e.g.‚ appeals to emotions and feelings‚ concession seeking. Hard work is a virtue in the light of the needs of man and the necessity to establish
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an essay on the following topic: "Discuss cultural differences as they exist in American and Vietnamese culture and suggest some ways to overcome them." CONTENT The difference of culture impacts so much to the way to living‚ the way of thinking and the way of doing business. America and Vietnam have a big difference in culture‚ religion and business. However‚ we live in a world where it is called flat world‚ where there is no restriction between countries. It requires us to integrate in order to
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The main structural difference between starch glycogen cellulose comes from? In: Human and Animal Interaction Starch‚ glycogen and cellulose are all polymers of glucose. They differ in the type of glucose present and the bonds which link thr glucose monomers together. Starch and glycogen are made from alpha-glucose. This is an isomer of glucose in which the hydroxyl (-OH) group attached to carbon number 1 is below the plane of the ring. Starch is itself composed of two types of polymer:amylose
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Katie Royle 17/9/10 What are the main differences between spoken and written English? In English‚ speech is known as a social way of communicating and expressing an opinion. On the other hand writing is known more for recording notes‚ facts and information. Each form of English has different ways of interacting with a specific audience. The lexis for both the written and spoken mode is somewhat different. Informal and colloquial is the language used during speech whereas
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1. Based on the opening paragraph of the article “What is Justice?” the main difference between philosophical and legal laws is their origin. Legal laws are created and changed to reflect the needs of society which are ever changing. They are put in place by a governing body to ensure the security of all the members of the state and the wellbeing of the state. On the other hand‚ philosophical laws differ in the sense that they focus less on the wellbeing of a society in terms of its politics and
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GOVERNOR SUBJECT UTILIZATION OF LOCAL DISASTER RISK REDUCTION AND MANAGEMENT FUND (LDRRMF) Background Republic Act No. 10121 otherwise known as The Philippine Disaster Risk Reduction and Management Act of 2010‚ shifted the focus from disaster response and recovery towards disaster risk reduction‚ preparedness and mitigation It also modified the use and appropriation ofthe Local Calamity Fund‚ or what is now known to be as the Local Disaster Risk Reduction and Management Fund. Pursuant to Section 21
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Explain the main differences between Act and Rule Utilitarianism Utilitarianism is a theory‚ which first became widely acknowledge when it was adopted by its greatest advocate Jeremy Bentham. It is a theory that maintains that it is an action’s total consequence that determines its moral correctness. It is a theory not concerned with the effects of the action on the individual carrying out the action‚ but instead the effect it has on everybody affected by the action. It also maintains that it is
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POINT/COUNTER-POINT: Should Speculators Use Currency Futures or Options? POINT: Speculators should use currency futures because they can avoid a substantial premium. To the extent that they are willing to speculate‚ they must have confidence in their expectations. If they have sufficient confidence in their expectations‚ they should bet on their expectations without having to pay a large premium to cover themselves if they are wrong. If they do not have confidence in their expectations‚ they
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