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Data structure
Data structure

... newNode = malloc(sizeof(node)); newNode->data = data; 2- Link Next Set the .next pointer of the new node to point to the current first node of the list. newNode->next = head; 3- Link Head Change the head pointer to point to the new node, so it is now the first node in the list. head = newNode; Itera ...
Population Structure and Asset Values
Population Structure and Asset Values

... to analyze the effects of demographic structure because it incorporates multiple generations. Each generation has different incentives at each stage of life, and changes in the relative size of these generations will affect the amount of consumption and saving at any period of time. Saving and consu ...
Catastrophe Insurance Products in Markov Jump Diffusion Model
Catastrophe Insurance Products in Markov Jump Diffusion Model

A Brief Introduction to Quadtrees and Their Applications
A Brief Introduction to Quadtrees and Their Applications

Estimating the Expected Marginal Rate of Substitution: Exploiting
Estimating the Expected Marginal Rate of Substitution: Exploiting

Stock returns and bond yields in Denmark, 1922-99
Stock returns and bond yields in Denmark, 1922-99

Glossary of the Capital Market
Glossary of the Capital Market

... A current liability showing the amounts due to others within a period of one year when such liability resulted from the purchase or manufacturing of inventory. Accounts Receivable Any money due to a business for merchandise or securities that it has sold or for services it has rendered. This is a ke ...
The Effect of Credit Risk on Stock Returns
The Effect of Credit Risk on Stock Returns

... Another influence on the development of stock prices and returns was discovered by Jegadeesh and Titman (1993) who revealed the Momentum-effect (MOM). Carhart (1997) added MOM as an additional factor to the model, MOM is the difference in asset returns between previous ‘winners’ and previous ‘loser ...
Preliminary version
Preliminary version

... • cut(v): Given a nonroot node v, make it a root by We consider forests of rooted trees, heap-ordered with deleting the arc connecting v to its parent, thereby respect to distinct node labels. We view arcs as being breaking its tree in two. directed from child to parent, so that paths lead from The ...
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・ P Q RIORITY

... has a name, which is used to uniquely identify the element, and a label or priority drawn from a totally ordered set. Elements of the priority queue can be thought of as awaiting service, where the item with the ~ smallest label is always to be served next. Ordinary stacks and queues are special cas ...
Estimating the Expected Marginal Rate of Substitution
Estimating the Expected Marginal Rate of Substitution

... where: β 0j is an asset-specific intercept, β i j is a set of I asset-specific factor coefficients and f i ,t a vector of time-varying factors. Both assumptions are common in the literature; Campbell, Lo and MacKinlay (1997) and Cochrane (2001) provide excellent discussions. With these two assumptio ...
Lecture 7 - Data structures for secondary storage devices. B
Lecture 7 - Data structures for secondary storage devices. B

... such that x->c[i] contains key k . If x->c[i] has only t − 1 keys, execute either of the following two cases to ensure that we descend to a node containing at least t keys, including k . Then, finish by recursing on the appropriate child of x. (a) If x->c[i] has only t − 1 keys but has a sibling wit ...
Illusions of Precision, Completeness and Control
Illusions of Precision, Completeness and Control

() - ETF Securities
() - ETF Securities

determining the risk free rate for regulated companies
determining the risk free rate for regulated companies

... The resolution of this paradox is as follows. The CAPM is a one period model, i.e., if the investor horizon is one year then the model can only directly value a cash flow arising in one year. To employ it to value a cash flow arising subsequently requires further assumptions. In particular, it is ne ...
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1 of 5

...  Can be linked together to form useful data structures such as lists, queues, stacks and trees  Terminated with a NULL pointer struct node { int data; struct node *nextPtr; ...
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Deletion without Rebalancing in Non

V-FTSE is the volatility index on the FTSE-100.
V-FTSE is the volatility index on the FTSE-100.

... specific risk characteristics. Hence, the justification that in the case of equity markets that it is the national or international stock indexes that best proxy for the business cycle related regime switches. 1.3 Stylized Facts about asset returns during bull and bear regimes: (i) There exists a st ...
breadth-first traversal
breadth-first traversal

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Trading Corner - Eurex Exchange

International Derivatives Brochure
International Derivatives Brochure

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Bond markets

Iuuuiu
Iuuuiu

... constant during the sale period. Schwarz [1] discussed the finite horizon EOQ model, the costs of the model were static and the optimal ordering number can be found during the finite horizon. In real life, there are many reasons for suppliers offer a temporarily price discount to retailers. The reta ...
"Leverage Effect" a Leverage Effect?
"Leverage Effect" a Leverage Effect?

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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.
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