Fear and loathing of negative yielding debt: bond investor`s
... there are few good options left. Even in the U.S., long the destination of choice in times of stress, Treasuries are in such demand that when their cash flows are converted into euros, yields are even worse than the scant returns on German bunds. For euro-based buyers of 10-year Treasuries, swapping ...
... there are few good options left. Even in the U.S., long the destination of choice in times of stress, Treasuries are in such demand that when their cash flows are converted into euros, yields are even worse than the scant returns on German bunds. For euro-based buyers of 10-year Treasuries, swapping ...
Day21
... There is a disconnect between the logical data structure and its implementation. You can implement a regular list, Array, stack, queue, deque, etc. using a bare linked list. But logically they are different things. Ultimately, EVERYTHING can be implemented by using a bare fixed-size Array! or by usi ...
... There is a disconnect between the logical data structure and its implementation. You can implement a regular list, Array, stack, queue, deque, etc. using a bare linked list. But logically they are different things. Ultimately, EVERYTHING can be implemented by using a bare fixed-size Array! or by usi ...
Slides
... Choosing between projects • Estimate the ROI of all possible projects – Market Analysis (Estimate Revenue) – Timeline (Present Value of Revenue) – Feasibility ...
... Choosing between projects • Estimate the ROI of all possible projects – Market Analysis (Estimate Revenue) – Timeline (Present Value of Revenue) – Feasibility ...
Lecture 4
... either empty or consists of a node called the root together with two binary trees, called the left and right subtrees, which are disjoint from each other and from the root. ...
... either empty or consists of a node called the root together with two binary trees, called the left and right subtrees, which are disjoint from each other and from the root. ...
Tree - UMass CS !EdLab
... Note that we can traverse this entire structure without any backpointers from child nodes to parent nodes. Whenever we need to back up, we just pop the stack and pick up where we left off. Recursion makes traversing binary trees easy. 13 ...
... Note that we can traverse this entire structure without any backpointers from child nodes to parent nodes. Whenever we need to back up, we just pop the stack and pick up where we left off. Recursion makes traversing binary trees easy. 13 ...
Amortized Algorithm Analysis
... space after we need to make space allocate new O(k) array and copy elements – The time complexity of this worst-case depends on n, the size of the original array. How big should we make the new array? – There were n-1 simple operations in order to fill the array to this point, so let’s double it ...
... space after we need to make space allocate new O(k) array and copy elements – The time complexity of this worst-case depends on n, the size of the original array. How big should we make the new array? – There were n-1 simple operations in order to fill the array to this point, so let’s double it ...
Ohio Deferred Compensation Investment Performance Report—As
... Large-Cap Stock Funds—Large-cap funds contain stocks from companies with market values of more than $10 billion, and they include blue-chip and Fortune 500 companies. They are typically more mature, diversified companies with many products and services. Over the long term, an investor should be will ...
... Large-Cap Stock Funds—Large-cap funds contain stocks from companies with market values of more than $10 billion, and they include blue-chip and Fortune 500 companies. They are typically more mature, diversified companies with many products and services. Over the long term, an investor should be will ...
Introduction: Multimedia Databases
... • Point quadtrees always split regions into four parts. • In a 2-d tree, node N splits a region into two by drawing one line through the point (N.XV AL, ...
... • Point quadtrees always split regions into four parts. • In a 2-d tree, node N splits a region into two by drawing one line through the point (N.XV AL, ...
The fractional volatility model: No$arbitrage and risk measures
... (H1) The log-price process log St belongs to a product space (Ω1 Ω2 , P1 P2 ) of which (Ω1 , P1 ) is the Wiener space and the second, (Ω2 , P2 ), is a probability space to be reconstructed from the data. With ω 1 2 Ω1 and ω 2 2 Ω2 and F1,t and F2,t the σ-algebras in Ω1 and Ω2 ...
... (H1) The log-price process log St belongs to a product space (Ω1 Ω2 , P1 P2 ) of which (Ω1 , P1 ) is the Wiener space and the second, (Ω2 , P2 ), is a probability space to be reconstructed from the data. With ω 1 2 Ω1 and ω 2 2 Ω2 and F1,t and F2,t the σ-algebras in Ω1 and Ω2 ...
Convertible Bonds Valuation based on Multiple
... Carayannopoulos (1996) find that CBs’ values are undervalued to some extent in the U.S. using daily data from 1977 and monthly data from 1989, respectively. Ammann et al. (2003) also argue that the CBs’ market prices were underpriced in France during the period from 1999 to 2000. They find that out- ...
... Carayannopoulos (1996) find that CBs’ values are undervalued to some extent in the U.S. using daily data from 1977 and monthly data from 1989, respectively. Ammann et al. (2003) also argue that the CBs’ market prices were underpriced in France during the period from 1999 to 2000. They find that out- ...
Reconciling the Cambridge and Wall Street
... the trend rate of interest and the normal profit rate are linked one on one. – Wray (1988) and Robinson (1979) unconvinced, despite Robinson (1952) having a similar mechanism • There is a link with target return pricing and normal-cost pricing, where the interest rate determines the target rate of r ...
... the trend rate of interest and the normal profit rate are linked one on one. – Wray (1988) and Robinson (1979) unconvinced, despite Robinson (1952) having a similar mechanism • There is a link with target return pricing and normal-cost pricing, where the interest rate determines the target rate of r ...
Bitwise Operators
... Hash Tables • Consists of an array and a hash function. • Hash function maps input to an index in the associated array. • Allows us to check whether something is contained in a data structure without checking through the entire thing. ...
... Hash Tables • Consists of an array and a hash function. • Hash function maps input to an index in the associated array. • Allows us to check whether something is contained in a data structure without checking through the entire thing. ...
Investment Outlook
... • Equities still outperform for long-term investors • Retirement real estate could regain traction after market digests 2003-04 run-up ...
... • Equities still outperform for long-term investors • Retirement real estate could regain traction after market digests 2003-04 run-up ...
if - Read
... Insertion into and deletion from Binary Search trees must maintain the Binary Search Tree property i.e. Let x be a node in a binary search tree. If y is a node in the left subtree of x, then key[y] key[x]. If y is node in the right subtree of x, then key[x] key[y] Insertion involves travelling ...
... Insertion into and deletion from Binary Search trees must maintain the Binary Search Tree property i.e. Let x be a node in a binary search tree. If y is a node in the left subtree of x, then key[y] key[x]. If y is node in the right subtree of x, then key[x] key[y] Insertion involves travelling ...
The binomial expansion
... In order to make the connection between the coefficient of x m in the expansion of n 1 x and nCm (the number of ways of choosing m objects from n objects), students need to appreciate that when expanding brackets they are taking one element from each bracket and multiplying them together, and r ...
... In order to make the connection between the coefficient of x m in the expansion of n 1 x and nCm (the number of ways of choosing m objects from n objects), students need to appreciate that when expanding brackets they are taking one element from each bracket and multiplying them together, and r ...
What is issuer specific risk?
... Using Monte Carlo, two bonds with exactly the same TTM and YTM will have different simulated spreads. In this way, the ESH of this simulated paths will not be perfectly correlated and diversification reward is ...
... Using Monte Carlo, two bonds with exactly the same TTM and YTM will have different simulated spreads. In this way, the ESH of this simulated paths will not be perfectly correlated and diversification reward is ...
Lecture 17
... The first will allow us to change probability measure so that the discounted asset prices are martingales. Recall that in our discrete time world, once we had such a martingale measure, the pricing of options was reduced to calculating expectations under that measure. In the continuous world it will ...
... The first will allow us to change probability measure so that the discounted asset prices are martingales. Recall that in our discrete time world, once we had such a martingale measure, the pricing of options was reduced to calculating expectations under that measure. In the continuous world it will ...
The American Economic Review Volume 105, Issue 3, Mar 2015 1
... annual earnings by $5,562, decreases five-year mortality by 1.2 percentage points, and decreases five-year foreclo-sure rates by 19.1 percentage points. These results come primarily from the deterioration of outcomes among dismissed filers, not gains by granted filers. 12. Title: Vehicle Scrappage a ...
... annual earnings by $5,562, decreases five-year mortality by 1.2 percentage points, and decreases five-year foreclo-sure rates by 19.1 percentage points. These results come primarily from the deterioration of outcomes among dismissed filers, not gains by granted filers. 12. Title: Vehicle Scrappage a ...
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.