Succinct tree representations
... support operations like “subtree size” of a node, “least common ancestor” of two nodes, “height”, “depth” of a node, “ancestor” of a node at a given level etc. ...
... support operations like “subtree size” of a node, “least common ancestor” of two nodes, “height”, “depth” of a node, “ancestor” of a node at a given level etc. ...
1 The Greek Letters
... Vega (n) is the rate of change of the value of a derivatives portfolio with respect to volatility See Figure 15.11 for the variation of n with respect to the stock price for a call or put option ...
... Vega (n) is the rate of change of the value of a derivatives portfolio with respect to volatility See Figure 15.11 for the variation of n with respect to the stock price for a call or put option ...
No Slide Title
... There are a number of market anomalies that seem to puzzle efficient market theorists, including: •The Earnings Announcement Puzzle: • In an efficient stock market, a company’s stock price should react instantly at the announcement of unexpectedly good or bad earnings. • However, stocks with the bes ...
... There are a number of market anomalies that seem to puzzle efficient market theorists, including: •The Earnings Announcement Puzzle: • In an efficient stock market, a company’s stock price should react instantly at the announcement of unexpectedly good or bad earnings. • However, stocks with the bes ...
1. The primary operating goal of a publicly
... Wagner Inc estimates that its average-risk projects have a WACC of 10%, its below-average risk projects have a WACC of 8%, and its above-average risk projects have a WACC of 12%. Which of the following projects (A, B, and C) should the company accept?(Points: 4) Project A is of average risk and has ...
... Wagner Inc estimates that its average-risk projects have a WACC of 10%, its below-average risk projects have a WACC of 8%, and its above-average risk projects have a WACC of 12%. Which of the following projects (A, B, and C) should the company accept?(Points: 4) Project A is of average risk and has ...
EE 461_Data Structures
... very inefficient if the list should become long. We will seek an implementation that allows us to use the binary search algorithm. ...
... very inefficient if the list should become long. We will seek an implementation that allows us to use the binary search algorithm. ...
Explanation and Benefits of Fair Value Accounting
... Fair value is an estimate of the price an entity would realize if it were to sell an asset, or the price it would pay to relieve a liability. Many financial instruments – such as shares traded on an exchange, debt securities (U.S. Treasury bonds), and derivatives – are measured and reported at fair ...
... Fair value is an estimate of the price an entity would realize if it were to sell an asset, or the price it would pay to relieve a liability. Many financial instruments – such as shares traded on an exchange, debt securities (U.S. Treasury bonds), and derivatives – are measured and reported at fair ...
Chapter 3 Gambling, random walks and the Central Limit Theorem
... Gambling, random walks and the Central Limit Theorem In this Chapter we will discuss the basic limit theorems in probability theory, including the law of large numbers, central limit theorem and the theory of large deviations. We will demonstrate the application of the law of large numbers and CLT t ...
... Gambling, random walks and the Central Limit Theorem In this Chapter we will discuss the basic limit theorems in probability theory, including the law of large numbers, central limit theorem and the theory of large deviations. We will demonstrate the application of the law of large numbers and CLT t ...
Illinois Tool Works Inc.
... • Globally diversified revenue base • Strong dividend history • Multiple end markets and product groups • High number of operating segments and product lines • Unproven track record of management team • Very uncertain future due to current strategy ...
... • Globally diversified revenue base • Strong dividend history • Multiple end markets and product groups • High number of operating segments and product lines • Unproven track record of management team • Very uncertain future due to current strategy ...
Risk And Return - Thunderbird Trust
... Interest rates affect the price of most fixed income securities, especially bonds Interest rates (yields) go up and down, depending on what is happening in the economy; generally the better the economy, the higher the interest rate ...
... Interest rates affect the price of most fixed income securities, especially bonds Interest rates (yields) go up and down, depending on what is happening in the economy; generally the better the economy, the higher the interest rate ...
Catching a Falling Knife
... Commodity hedging programs must also address the issue of basis and hedging index. The hedge must have a degree of correlation to the underlying exposure or it will not effectively mitigate the risk. For example, many airlines hedge jet fuel exposure with Brent due to the limited liquidity in long t ...
... Commodity hedging programs must also address the issue of basis and hedging index. The hedge must have a degree of correlation to the underlying exposure or it will not effectively mitigate the risk. For example, many airlines hedge jet fuel exposure with Brent due to the limited liquidity in long t ...
PDF (References)
... Bollerslev, T. (1986). Generalized Autoregressive Conditional Heteroscedasticity. Journal of Econometrics. (31): 307-327. Chong Choo, Nie Lee and Nie Ung. (2011). Macroeconimocs Uncertainty and Performance of GARCH Models in Forecasting Japan Stock Market Volatility. International Journal of Busines ...
... Bollerslev, T. (1986). Generalized Autoregressive Conditional Heteroscedasticity. Journal of Econometrics. (31): 307-327. Chong Choo, Nie Lee and Nie Ung. (2011). Macroeconimocs Uncertainty and Performance of GARCH Models in Forecasting Japan Stock Market Volatility. International Journal of Busines ...
lect13
... If a sequence of M operations takes O(M f(n)) time, we say the amortized runtime is O(f(n)). • Worst case time per operation can still be large, say O(n) • Worst case time for any sequence of M operations is O(M f(n)) Average time per operation for any sequence is O(f(n)) ...
... If a sequence of M operations takes O(M f(n)) time, we say the amortized runtime is O(f(n)). • Worst case time per operation can still be large, say O(n) • Worst case time for any sequence of M operations is O(M f(n)) Average time per operation for any sequence is O(f(n)) ...
Economics 434 Financial Markets - SHANTI Pages
... • Owners of debt/liabilities take over • Most importantly, assets are unchanged (they don’t disappear or become worthless) • Two outcomes: – Either liquidation (Chapter 7) or – Recapitalization (Chapter 11) ...
... • Owners of debt/liabilities take over • Most importantly, assets are unchanged (they don’t disappear or become worthless) • Two outcomes: – Either liquidation (Chapter 7) or – Recapitalization (Chapter 11) ...
Lattice model (finance)
For other meanings, see lattice model (disambiguation)In finance, a lattice model [1] is a technique applied to the valuation of derivatives, where, because of path dependence in the payoff, 1) a discretized model is required and 2) Monte Carlo methods fail to account for optimal decisions to terminate the derivative by early exercise. For equity options, a typical example would be pricing an American option, where a decision as to option exercise is required at ""all"" times (any time) before and including maturity. A continuous model, on the other hand, such as Black Scholes, would only allow for the valuation of European options, where exercise is on the option's maturity date. For interest rate derivatives lattices are additionally useful in that they address many of the issues encountered with continuous models, such as pull to par.