Returns 1 RETURNS Prices and returns Let Pt be the price of an asset at time t. Assuming no dividends the net return is Pt Pt − Pt−1 −1= Rt = Pt−1 Pt−1 The simple gross return is Pt = 1 + Rt Pt−1 Returns 2 Example: If Pt−1 = 2 and Pt = 2.1 then 2.1 Pt 1 + Rt = = = 1.05 and Rt = 0.05 Pt−1 2 Returns 3 The gross return over k periods (t − k to t) is 1 + Rt (k) := Pt−1 Pt−k+1 Pt Pt ··· = Pt−k Pt−1 Pt−2 Pt−k = (1 + Rt ) · · · (1 + Rt−k+1 ) Returns are • scale-free‚ meaning that they do not depend
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Daniel Johnston: Informative Speech Before the terms Indie‚ DIY‚ or Free Music were ever sputtered out of any hipster’s mouth‚ there was Daniel Johnston. Today I want to tell you about the amazing songwriter Daniel Johnston‚ and give you some insight on his music‚ art‚ and illness. Early life Daniel Johnston was born in January 22‚ 1961 from a right winged Christian family‚ at a young age he felt separated emotionally and spiritually. Ever since he got his first tape recorder he became obsessed
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Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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File Management Amanda Dyer POS/355 September 4‚ 2014 August Smith File Management File management in any computer system is a very crucial function. Proper file management alleviates everyday issues in file protection‚ to allow a smooth experience for users. Using file protection for operating systems‚ such as Unix‚ can be very easy and simple. Unix is a multiuser operating system that is used on a wide range of machines from powerful microcomputers to supercomputers
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Canterbury Tales” What Do Women Want? Issean Lawson English 12 Dan Pike November 28‚ 2012 Lawson 1 What Do Women Want? “And yet he was the most brutal‚ too;\ My ribs yet feel as they were black and blue...I guess I loved him best of all‚ for he\ Gave his love most sparingly to me.”(Chaucer‚ Wife of Bath Prologue 495-504). The Wife of Bath is as some would say “a loose leaf” or “a wild animal yet to be tamed”. The first three husbands that Alison married allowed her to roam freely and do what ever
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Pivot joint: A rounded portion of a bone is enclosed within a ring formed partially by the articulation with another bone and partially by a ligament . The bone rotates within this ring. Since the rotation is around a single axis‚ pivot joints are functionally classified as a uniaxial diarthrosis type of joint. An example of a pivot joint is the atlantoaxial joint‚ found between the C1 (atlas) and C2 (axis) vertebrae. Here‚ the upward projecting dens of the axis articulates with the inner aspect
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Husband’s Worst Nightmare When a husband hears the news of his wife having an affair outside their marriage‚ he becomes the victim and is left to decide what to do about the situation. While an author can set up this chain of events with ease‚ taking the story and giving it life is something completely different. To bring the audience in and assist them in feeling what the husband is thinking and feeling‚ and at the same time showing sympathy to the wife is truly a work of art. “Under the Radar”
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2010 Census Profile 204 York Rd‚ Towson‚ Maryland‚ 21204 2 204 York Rd‚ Towson‚ Maryland‚ 21204 Drive Time: 1 minute radius Latitude: 39.39772 Longitude: -76.60286 2000-2010 2010 891 397 425 Annual Rate 0.20% 0.18% 0.19% Number 891 876 732 86 2 50 1 5 15 Percent 100.0% 98.3% 82.2% 9.7% 0.2% 5.6% 0.1% 0.6% 1.7% 33 3.7% Population by Sex Male Female 417 474 46.8% 53.2% Population by Age Total Age 0 - 4 Age 5 - 9 Age 10 - 14 Age 15 - 19 Age 20 - 24 Age 25 - 29 Age 30 - 34 Age 35 - 39 Age 40
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Introduction There are distinct non-sequential file structure models in the computer system‚ generally‚ the file structure can be subdivided into two major types which are the random (hashed) file and the index file. This will compare the both types of file structure models and its advantages and disadvantages. The random (hashed) file It is quite useful of this type structuring system while the files are non-sequential that can be depicted as data storage spaces and which are subdivided into
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Joint Hindu Family Hindu Undivided Family HUF Hindu joint family is a kind of family system‚ which is typically seen amongst the Hindus only. The concept of Hindu joint family is nothing new‚ and it is in existence since long. This kind of family was well recognised by customary laws. According to the Bombay High Court‚ a joint Hindu family consists of all persons lineally descended from one common ancestor and includes their wives and unmarried daughters. Jointness is the fundamental feature of
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