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Document
Document

... necessary. Junk bonds often are not rated because there would be no point in an issuer paying a rating agency to assign its bonds a low rating (it’s like paying someone to kick you!). ...
Arrays and Linked Lists
Arrays and Linked Lists

... Data stored: buy/sell orders Operations on the data:  order buy(stock, shares, price)  order sell(stock, shares, price)  void cancel(order) Error conditions:  Buy/sell a nonexistent stock  Cancel a nonexistent order ...
Investments
Investments

III. Algorithm and Data structure - Academic Science,International
III. Algorithm and Data structure - Academic Science,International

... applicable only for a selection of phrases. Also the paper[3] shows many methods to implement autocomplete efficiently. The paper also mentions a trie based approach in which the edit distance is maintained between various nodes in the trie and based on this an error tolerant implementation is sugge ...
Document
Document

... (a) Let R be a set of n axis-parallel rectangles in the plane. Design a data structure for R such that the rectangles in R that contain a query point q can be reported efficiently. Analyze the amount of storage and the query time of your data structure. [Hint: Use a segment tree on the x-intervals o ...
Lecture 18 - UMass CS !EdLab
Lecture 18 - UMass CS !EdLab

... entire data item is returned. When inserting an item in a tree, we use the key to determine where the item belongs and then insert both the key and the data item at this location. The node for a binary tree is something like [key, data, left subtree, right subtree]: Key Binary Tree Node: Data Left R ...
A Space Efficient Persistent Implementation of an Index for DNA Sequences
A Space Efficient Persistent Implementation of an Index for DNA Sequences

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Asset Bubbles, Inflation, and Agricultural Land Values
Asset Bubbles, Inflation, and Agricultural Land Values

Back to the Future – A Round-Trip with Discounted Cash Flows
Back to the Future – A Round-Trip with Discounted Cash Flows

... play. Similarly, to not discount at all would lead to overvaluation if the cash flows have growth and/or inflation components.8 Discounting a risk free historical cash flow back to the date of loss with a risk free rate can also overcome “invalid round trips” with pre-award interest.9 Such trips com ...
What Does the Equity Premium Mean? - UQ eSpace
What Does the Equity Premium Mean? - UQ eSpace

... If the 6 percent equity premium drives a wedge between a real bond rate of 1 percent and an expected stock market return of 7 percent, then the stock market’s value is only one-quarter that of a zero-risk portfolio with the same expected return. The stock market’s value is derived from future corpor ...
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Chapter2

... Let n be the number of elements in the stack The space used is O(n) Each operation runs in time O(1) ...
Compressed Suffix Trees with Full Functionality
Compressed Suffix Trees with Full Functionality

... of an edge instead of storing the depth of the corresponding node although the size was still not linear. Moreover the method cannot be used to answer the depth of a node quickly. Munro et al. [24] proposed an algorithm for searching for patterns without storing edge lengths. The algorithm calculate ...
Pinnacle Academ y
Pinnacle Academ y

pptx - Department of Computer Science
pptx - Department of Computer Science

Advanced Data Structures - Department of Computer Science
Advanced Data Structures - Department of Computer Science

...  Partial persistence, trees, O(1) access, amortized O(1) update [J.R. Driscoll, N. Sarnak, D.D. Sleator, R.E. Tarjan, Making Data Structures Persistent, Journal of Computer and System Sciences, 38(1), 86-124, 1989] ...
Chapter 1
Chapter 1

... present value of that cash flow divided by the total present value of all cash flows. For cash flows in the distant future, present value approaches zero (i.e., the weight becomes very small) so that these distant cash flows have little impact, and eventually, virtually no impact on the weighted ave ...
Chapter 12
Chapter 12

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COMP 620 Algorithm Analysis
COMP 620 Algorithm Analysis

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Risk Management
Risk Management

... – Challenge for a bank with thousands of clients and thousands of transactions is not only compute each position VaR but to account for cross correlations to find firm-wide VaR! – The solution is to map assets into major asset classes, e.g., country indexes, and then compute the volatilities, correl ...
Grade 6 Algebra
Grade 6 Algebra

Balanced Tree
Balanced Tree

... out of balance), meaning that none of the nodes from the insertion point to the root are out of balance – in this case, the tree is declared balanced –> go to Step 5 CMPT 225 - Anne Lavergne ...
Options/Futures Contracts on Ciba Shares: Takeover
Options/Futures Contracts on Ciba Shares: Takeover

... If, following the extraordinary general meeting, trading in the tendered contracts will be taken up, trading in options and futures contracts will also be taken up again. At that point in time, underlying instrument will be shares registered for conversion. In line with the cash market proceedings, ...
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Analysis EC proposal for FTT - Insurance Association of Cyprus
Analysis EC proposal for FTT - Insurance Association of Cyprus

... legislation. In UCITS IV4 for instance, Article 2 defines them as “instruments normally dealt in on the money market which are liquid and have a value which can be accurately determined at any time”. This definition therefore sets 3 characteristics: a) capable of being traded, (b) Liquidity, and, (c ...
Modeling Credit Risk with Partial Information
Modeling Credit Risk with Partial Information

... should drift at the spot rate of interest. This is consistent with the firm holding its cash balances in the money market account and trying to maintain the target level balance. The firm’s management observes the firm’s cash balances. Cash balances can be positive, zero or negative. Negative cash b ...
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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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