value options on a stock paying a dividend yield‚ we know how to value options on stock indices and currencies.” Explain this statement. 3. Explain how corporations can use range-forward contracts to hedge their foreign exchange risk. 4. Calculate the value of a three-month at-the-money European call option on a stock index when the index is at 250‚ the risk-free interest rate is 10% per annum‚ the volatility of the index is 18% per annum‚ and the dividend yield on the index is 3% per annum
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The premise of this thesis is that the move to the use of technology in primary public schools in Mexico would improve access to information‚ would result in higher academic levels‚ and would produce quality basic education. Many people believe this transition should be inevitable but it has not been possible under the current conditions in Mexico. However‚ adopting new technology to improve schools is a global perspective and it has proven successful in many Countries. So far‚ these strategies have
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1. Despite the fact that many businesses can develop energy technologies and could have great features with great scientific progress‚ but commercialization is a bug in the ear of those undertakings. Skills and market institutions‚ adapting to receive benefits is still rare. Table 4 paper Osamu Kimura in the "Commercialization of energy - efficient technologies in Japan"‚ some technologies failed to get in trade due to lack of marketing skeletal models. Michel Godet ideas for commercialization and
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Kurzweil describes in his book “The Singularity is Near”‚ we are on the verge of entering into ‘Epoch 5’ – The Merger of Human Technology with Human Intelligence. Imagine a day when it will be possible to scan the brain from the inside using nanobots! In the decades ahead‚ I foresee computer science being used to create new breakthroughs in all realms of science and technology. For instance‚ using advanced software for mining vast amounts of data being collected today‚ hidden trends and patterns can
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Why Study Public Policy? Start by considering these five reasons why the study of public policy should be important to you: 1. As inheritors of an enduring democracy‚ also the sole superpower‚ we have both the opportunity and the responsibility to participate in civic affairs. We need know-how: the analytical‚ ethical‚ and practical skills necessary to effectively engage in public affairs. Regard this responsibility as a life-long duty. 2. The sheer extent of the intervention of government
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Article 1: Competing Across Technology-Differentiated Channels: The Impact of Network Externalities and Switching Costs Technology driven markets have features that distinguish them from traditional markets and give firms a new way to think of new opportunities of how businesses can be conducted. Customization‚ interactivity and global access are just a few characteristics that distinguish the internet from regular stores. Furthermore‚ transferability of information is very cheap and there are real
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The establishment of the BISCAST Laboratory Science and Technology Park (BISCAST SCITECHLAB Park) will provide this connectivity. Existing centers like: Center for Applied Science‚ Technology Innovation & Commercialization; and Regional Business Resource Center will form part of the BISCAST SCITECHLAB Park to focus on the research activities‚ incubation‚ patents and commercialization aspect. New centers will be created to support instructions as well as researches like Digital Fabrication and Manufacturing
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CASE STUDY 1 SEC ENFORCEMENT RELEASE- BRISTOL-MYERS 1. Access the SEC website‚ www.sec.gov‚ and do the following: -go to “Information for Accountants” -go to “The Division of Enforcement Chief Accountants Office” -go to “Accounting and Auditing Enforcement Releases” - then go to the enforcement release related to Bristol-Myers dated August 4‚ 2004. 2. What were the broad areas which the SEC addressed? 3. Of these issues‚ which one was by far the most significant in terms of dollars involved
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RISK & INSURANCE MANAGEMENT CASE – 1 a. With regard to the fuel oil prices risk: (1) Discuss how Juanita could use futures contracts to hedge the price risk. Futures contracts are one of the most common derivatives used to hedge the price risk. A futures contract is as an arrangement between two parties to buy or sell an asset at a particular time in the future for a particular price. The main reason that companies or corporations use future contracts is to offset their risk exposures
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Science Technology Company (STC) Case Bill Watson as President of Science Technology Company (STC) should ask the Chief Financial Officer‚ Harry Finson‚ to fine tune and rehash the 5 year financing plan Harry prepared. This is to address the following issues and concerns: A. Projected thirty percent (30%) increase in annual sales Historically in a strong ATE market‚ STC was able to increase its sales on a compound annual growth rate of 12% only. In 1983‚ the company posted its highest
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