FORM 8-K - corporate
... non-employee directors from share-based grants to dollar-based grants. Prior to the Amendment, non-employee directors were entitled to receive equity grants under the Plan as follows: (i) upon joining the Board, an award of 2,000 shares of restricted stock and an option to purchase 12,000 shares of ...
... non-employee directors from share-based grants to dollar-based grants. Prior to the Amendment, non-employee directors were entitled to receive equity grants under the Plan as follows: (i) upon joining the Board, an award of 2,000 shares of restricted stock and an option to purchase 12,000 shares of ...
International Banking - Module A Part II
... Commodities futures Financial futures Currency futures Index futures ...
... Commodities futures Financial futures Currency futures Index futures ...
the valuation of equity derivatives
... would have benefited from being informed at the time of their creation by an established source of recognised valuation best practice. In the absence of this many consider that there are mismatches between the way in which the accounting fair value of an instrument has to be determined and the way i ...
... would have benefited from being informed at the time of their creation by an established source of recognised valuation best practice. In the absence of this many consider that there are mismatches between the way in which the accounting fair value of an instrument has to be determined and the way i ...
CIS March 2011 Exam Diet
... Consider a non-dividend paying stock with a spot price of N50. A 6-month European call with a strike price of N50 costs N4. A European put with the same expiration date and strike price costs N3.50. The continuously compounded risk-free rate is 4% per annum. The volatility of the stock is 25% per ye ...
... Consider a non-dividend paying stock with a spot price of N50. A 6-month European call with a strike price of N50 costs N4. A European put with the same expiration date and strike price costs N3.50. The continuously compounded risk-free rate is 4% per annum. The volatility of the stock is 25% per ye ...
butterfly spread
... A forward contract with a nonzero premium must have a forward price which is “off the market (forward) price”. Thus, it is sometimes called an off-market forward. Unless the strike price equals the forward price, buying a call and selling a put creates an offmarket forward. ...
... A forward contract with a nonzero premium must have a forward price which is “off the market (forward) price”. Thus, it is sometimes called an off-market forward. Unless the strike price equals the forward price, buying a call and selling a put creates an offmarket forward. ...
Volatility - U.S. Options
... » About as low as it’s been (in many stocks and indexes) for almost 30 years » Is not right or wrong, but does represent a current consensus » Is considered by some to be forward looking » Represents a lot more information than “just” price distribution ...
... » About as low as it’s been (in many stocks and indexes) for almost 30 years » Is not right or wrong, but does represent a current consensus » Is considered by some to be forward looking » Represents a lot more information than “just” price distribution ...
lecture_20_hedging_and_black-scholes
... risky asset, usually called the stock, and one riskless asset, usually called the money market, cash, or bond. Now we make assumptions on the assets: • (Riskless rate) The rate of return on the riskless asset is constant and thus called the risk-free interest rate. • (Random walk) The instantaneous ...
... risky asset, usually called the stock, and one riskless asset, usually called the money market, cash, or bond. Now we make assumptions on the assets: • (Riskless rate) The rate of return on the riskless asset is constant and thus called the risk-free interest rate. • (Random walk) The instantaneous ...
Vertical Intercept
... graph. On the left side of the graph, the price is high and the quantity is low. In fact, the price of the pizza is so high that almost no pizzas are sold. On the right side of the graph, the price is low and the quantity sold is higher. ...
... graph. On the left side of the graph, the price is high and the quantity is low. In fact, the price of the pizza is so high that almost no pizzas are sold. On the right side of the graph, the price is low and the quantity sold is higher. ...
Ch 7: 1.1-4
... Futures contracts are traded on exchanges, have a price that changes as a result of trading until the settlement date, and are standardized in terms of the quantity of the underlying asset to be delivered and the settlement dates for the available contracts. Futures contracts lack the flexibility of ...
... Futures contracts are traded on exchanges, have a price that changes as a result of trading until the settlement date, and are standardized in terms of the quantity of the underlying asset to be delivered and the settlement dates for the available contracts. Futures contracts lack the flexibility of ...
Journal Review: Mathematical Finance (Oct/July/April/Jan 2006
... We provide a computational study of the problem of optimally allocating wealth among multiple stocks and a bank account, to maximize the infinite horizon discounted utility of consumption. We consider the situation where the transfer of wealth from one asset to another involves transaction costs tha ...
... We provide a computational study of the problem of optimally allocating wealth among multiple stocks and a bank account, to maximize the infinite horizon discounted utility of consumption. We consider the situation where the transfer of wealth from one asset to another involves transaction costs tha ...
Markov process
... Earlier a was a function only of t. The expected drift rate and variance rate of an Ito process are both liable to change over time. ...
... Earlier a was a function only of t. The expected drift rate and variance rate of an Ito process are both liable to change over time. ...
Chapter 10
... The following applies to any financial asset: V = Current value of the asset Ct = Expected future cash flow in period (t) k = Investor’s required rate of return Note: When analyzing various assets (e.g., bonds, stocks), the formula below is simply modified to fit the particular kind of asset being ...
... The following applies to any financial asset: V = Current value of the asset Ct = Expected future cash flow in period (t) k = Investor’s required rate of return Note: When analyzing various assets (e.g., bonds, stocks), the formula below is simply modified to fit the particular kind of asset being ...
Schrodinger`s Equation and the Financial Markets
... With the derived solutions, the tunneling is actualized, when interest rate is constant, the wall must be thin, which in turn leads to a relatively small volatility. Basically, in order for the tunn ...
... With the derived solutions, the tunneling is actualized, when interest rate is constant, the wall must be thin, which in turn leads to a relatively small volatility. Basically, in order for the tunn ...
Hedging and rebalancing options in a binomial tree.
... time for a certain price while a put option gives the holder the right to sell the underlying asset at a certain time for a certain price (Hull, 2008, p.6). In fact, there are some basic terms that both the seller and the buyer must agree on in order to establish the contract: Strike price (the pric ...
... time for a certain price while a put option gives the holder the right to sell the underlying asset at a certain time for a certain price (Hull, 2008, p.6). In fact, there are some basic terms that both the seller and the buyer must agree on in order to establish the contract: Strike price (the pric ...