approximately 20.1%‚ from the year ended 31 March 2013 to 2014.DIRECTORS’ AND CHIEF EXECUTIVE’S REMUNERATION During the prior year‚ a director and the chief executive were granted share options‚ in respect of their services to the Group‚ under the Pre-IPO share option scheme of the Company. The fair value of these options‚ which has been recognized in the statement of profit or loss over the vesting period‚ was determined as at the date of grant and the amount included in the financial statements for
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E4707: Financial Engineering: Continuous-Time Models c 2009 by Martin Haugh Fall 2009 Black-Scholes and the Volatility Surface When we studied discrete-time models we used martingale pricing to derive the Black-Scholes formula for European options. It was clear‚ however‚ that we could also have used a replicating strategy argument to derive the formula. In this part of the course‚ we will use the replicating strategy argument in continuous time to derive the Black-Scholes partial differential
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"Part ghost story‚ part murder mystery‚ part moral lecture." To what extent do you agree with this description of An Inspector Calls? J.B. Priestley’s ‘An Inspector Calls’ is part ghost story and murder mystery‚ however‚ what Priestley emphasises on the most is the moral lecture. Priestley demonstrates to the audience that it was the anarchistic society of the past that eventually led to the two World Wars and that this must change in order to prevent another. The play conveys to the audience that
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Chapter I INTRODUCTION In the Philippines‚ the call center industry has been tagged as the Sunshine Industry by the government because of its massive expansion over the last 10 years. It considered as one of the fastest growing sectors within the economy. Call centers began in the Philippines as a plain provider of email response and managing service. These have industrial capabilities for almost all types of customer relations‚ ranging from travel services‚ technical support‚ education customer
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After reading an Inspector calls‚ I am certain it is obvious to any one who reads it that the inspector is not what he appears to be at all. At first you have no suspicions of the Inspector‚ but as the play moves on it slowly dawns on you that the Inspector might be an impostor. The inspector also has major impacts on some of the characters. He is "Priestley’s vehicle for his views on social responsibility. He represents social conscience. He has moral dimension." The Inspectors name‚ Goole‚ has
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’An Inspector Calls’‚ written by J.B.Priestley is a play that includes the characters of Eva Smith‚ who appears to have committed suicide‚ and Edna‚ the housekeeper of the Birling family. Both Eva Smith‚ and Edna represent women‚ who suffer at the hands of poverty and neglect‚ and both characters are the epitome victims of the unjust nature of the social order. To those better off than them‚ they are invisible. Edna seems to be‚ a possible suicide victim‚ and there is even a link between the two
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changes in response to a change in the value of the underlying security. The option-pricing model developed by Black and Scholes (1973) indicates that a portfolio consisting of a risky asset and call options thereon can be balanced in such a way that the returns from the portfolio will approximate to a risk free rate of return. Ascertaining the right balancing mix between the units of the underlying security and the options thereon is the central theme of Delta hedging. This paper summarizes the
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Seminar Human Resource Management (HR 491) Position Paper STEVEN H. HALL Computer Science Corporation a Global Leader in Technology Park University of Alexandria‚ Virginia 5 December 2010 2 TABLE OF CONTENTS Page Introduction . . . . . . . . . . . . . . . . 3 Body . . . . . . . . . . . . . . . . . . 4 Competitive
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• What is credit default swap (CDS)? What is a credit derivative index? Credit Default Swap: It is an OTC Credit Derivative. (Provides protection against specific credit events) [pic] ▪ [pic] [pic] Total return swap: (provides protection against loss of value irrespective of cause). Two parties enter an agreement whereby they swap periodic payment over the specified life of the agreement. One party makes payments based upon the total return—coupons
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Which of the following is not an appropriate hedging technique under these circumstances? A) purchase Canadian dollars forward. B) purchase Canadian dollar futures contracts. C) purchase Canadian dollar put options. D) purchase Canadian dollar call options. ANSWER: C 2. Graylon‚ Inc.‚ based in Washington‚ exports products to a German firm and will receive payment of €200‚000 in three months. On June 1‚ the spot rate of the euro was $1.12‚ and the 3-month forward rate
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