can only get in the money if the time 0.5 rate goes up to 5.526%‚ in which case it has a positive payoff at time 1. The tree below gives the values of this possible payoff. Time 0 cap (0.1342+0)×0.976086 Time 0.5 0.1342=0.973113×(5.526-5.25)/2 0.0655=0.5× 0 b) What is the value of $100 par of a 1-year semi-annual floating rate note that is capped at 5.25%? 100 - 0.0655 = 99.9345 c) Consider a 1-year semi-annual interest rate collar with a 5.25% cap. What floor rate makes the collar
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Parenting class can be found all over the world but in countries like Australia‚ United State and United Kingdom‚ the government encourages parents to involve themselves in the government parenting classes. According to Kerby (n. d)‚ large number of parenting programs which help to improve the skill of parent for different family members has been created by the federal government agencies since 1960s. Effective Parenting newsletter was published by Center for the Improvement of Child Caring (CICC)
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Why the EU should/or not to regulate and manage the (co-operational-) issues of internal security? The European Union history has lasted for 60 years. The agreed principles (EU treaties)‚ common economic market‚ single currency zone‚ the establishment of "Schengen" Area and solidarity policies are proof that "the EU project" was created and developed in different periods‚ through decades. Today‚ the EU is quite different from what it was 10 or 20 years ago‚ let alone from the EU of sixty years
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tend to blame the government‚ but actually‚ beside government‚ there are also other factors that partly responsible for the increasing rate of accidents in Malaysia. The purpose of the essay is to explore which parties are equally responsible for the increasing rate of accidents. Although government have its responsible on this issues‚ some private sectors‚ driver behavior and parents are also responsible as these parties also contributes to the increasing accidents rate. Private sectors In Malaysia
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Product Critique: Wii U Nintendo was very successful in the video-game industry for many years‚ but the launch of the Wii U was a complete disaster. In order to understand the failure of the Wii U launch we need to list its positive and negative features and compare them to its direct competitors‚ Xbox One and PS4‚ and indirect competitors‚ smartphones‚ pc’s and tablets. Although the GamePad was innovative‚ it was not enough to attract new customers. The biggest reason was the lack of new games
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Adjustment of Emotional Score of English Boys and Hindi Girls 1 – Boys‚ 2 - Girls and 1 - English and 2 – Hindi Group Statistics | | Gender | N | Mean | Std. Deviation | Std. Error Mean | Emotional Score | Boys | 175 | 10.9829 | 3.97329 | .30035 | | Girls | 120 | 13.9750 | 5.18152 | .47301 | Independent Samples Test | | Levene’s Test for Equality of Variances | t-test for Equality of Means | | F | Sig. | t | df | Sig. (2-tailed) | Mean Difference | Std. Error Difference | 95% Confidence
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Essay Heritage Listed Sites - Should it be Open to Public or Kept Private Sienna Ko Assignment: Personal Project Due Date: 20 Jan 2013 Did you know that there are 962 properties listed as heritage sites in the world? As we aware the Kakadu National Park‚ Uluru‚ Shark Bay and Great Barrier Reef in Australia are also listed as world heritage sites. However‚ there are currently 38 properties listed in danger because of various reasons; unable to support with technical‚ scientific expertise
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Research methods: Data analysis G Qualitative analysis of data Recording experiences and meanings Distinctions between quantitative and qualitative studies Reason and Rowan’s views Reicher and Potter’s St Paul’s riot study McAdams’ definition of psychobiography Weiskrantz’s study of DB Jourard’s cross-cultural studies Cumberbatch’s TV advertising study A bulimia sufferer’s diary G Interpretations of interviews‚ case studies‚ and observations Some of the problems involved in drawing
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Should Governments Provide a Universal Healthcare System? Universal health care is the provision of medical services by governments that are usually either free or subsidised. Many countries around the world provide this type of service to their citizens including the UK‚ Canada‚ Spain and most Nordic countries. The UK’s National Health System‚ for instance‚ was founded over 60 years ago with the promise of caring for the British people ‘From Cradle to Grave’ (Adds 1998). Europe has some of
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The federal bureaucracy in the United States has many governmental organs‚ such as agencies‚ administrations‚ authorities‚ and commissions‚ to fulfill its duty as instructed by Congress. It is a hierarchical organization that has knowledgeable staff to control all governmental organs’ mechanism without taking any side (University of Kentucky). This essay will analyze and evaluate competitive government‚ privatization‚ decentralization‚ innovation‚ and empowerment over the federal bureaucracy in the
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