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Artemis Capital Management LP | Star Wars Volatility
Artemis Capital Management LP | Star Wars Volatility

APPENDIX D
APPENDIX D

... data is such that a cost of equity estimate produced by any asset pricing model -- whether the traditional CAPM or their three-factor CAPM -- is subject to wide error: “We do not take a stance on which is the right asset pricing model. Instead we use both the CAPM and our three-factor model to estim ...
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Victory CEMP US 500 Enhanced Volatility Wtd Index Fund
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... Conversely, if rates fall, the value of the fixed income securities generally increases. The Fund is not actively managed and does not, therefore, seek returns in excess of the Index. The Fund’s return may not match the return of the Index. The value of the equity securities in which the Fund invest ...
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... Small companies who are within the first three levels of selling abroad (Domestic, Intermittent and Export) may avoid exchange rate volatility by simply requiring payment in their own local currency. ...
Wave front Method Based Path Planning Algorithm
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... deletions take at most O(logn) time Remember binary trees have a worst case of O(n) when a chain occurs. In fact it can be proven using fibonacci trees that AVL trees are at worst 44% less efficient than complete trees. Proof not required for course, but can be found in text books. CS121 © JAS 2005 ...
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Randomized Binary Search Trees
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... I’ll assume from now on that all the keys and priorities are distinct. Under this assumption, we can easily prove by induction that the structure of a treap is completely determined by the search keys and priorities of its nodes. Since it’s a heap, the node v with highest priority must be the root. ...
Derivatives pricing when one cannot borrow at the risk free rate
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... • The way that derivatives are valued and risk managed is often strongly dependent on what credit risks and funding commitments are embedded in the payoffs. • We will explore these issues for uncollateralised derivatives concentrating on valuation and risk management, and show how conventional prici ...
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... Given a node i in the heap with children l and r. Each sub-tree rooted at l and r is assumed to be a heap. The sub-tree rooted at i may violate the heap property [ key(i) > key(l) OR key(i) > key(r) ] Thus Heapify lets the value of the parent node “float” down so the sub- tree at i satisfies the hea ...
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COMP171H Notes: Hashing

... Single rotation for “outside” insertion Double rotation for “inside” insertion ...
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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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