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
Premium Call option Put option Option
Political Machines Political Machines are an organized group that controls a political party in a city. They would offer services to voters and businesses in exchange for political and financial support. Political Machines arose when Europeans‚ farmers‚ and African Americans from the south moved to cities. Urbanization led to new challenges for city government‚ there were demands in city services such as a fire department‚ police‚ sewage‚ transportation and water. Political Machines had a negative
Premium Political corruption Fraud Voting
101-F mECH MACHINE A machine is a tool that consists of one or more parts‚ and uses energy to achieve a particular goal. Machines are usually powered by mechanical‚ chemical‚ thermal‚ or electrical means‚ and are frequently motorized. Historically‚ a powered tool also required moving parts to classify as a machine; however‚ the advent of electronics technology has led to the development of powered tools without moving parts that are considered machines. DIFFERENT KINDS OF MACHINE 1 .MILLING
Premium Milling machine Machining
Washing Machine- The Helping Hands Laundering clothes manually involves the process of scrubbing and rinsing dry dirty clothes and other textiles. The entire process can be extremely tiring and time consuming. It can also lead to severe backaches for the washers. The electric washing machine has been a boon for housewives and house keepers as they have saved them not only a lot of time and effort from these this cumbersome chore but also contributed to their better health. The main parts of
Premium Laundry
SEWING MACHINE OPERATIONS MANNUAL PREPARED BY: ORIENT CRAFT FASHFION INSTITUTE OF TECHNOLOGY Chenetha bhavan‚ Nampally‚ Hyderabad- 500 001 SUBMITTED TO: GERMAN DEVELOPMENT CO-OPERATION-GTZ 21‚ Jor Bagh‚ New Delhi – 110 003 Page | 2 CONTENTS PARTICULARS Page No. CHAPTER – I 6 INTRODUCTION CHAPTER – II 7 To 22 SEWING MACHINE 1. INVENTION OF THE SEWING MACHINE 2. HISTORY OF SEWING MACHINE 3. PARTS OF SEWING MACHINE 4. MACHINE TERMINOLOGY 5. MODERN INDUSTRIAL SEWING MACHINES A. MULTI
Premium
Stanisław Lem (staˈɲiswaf lɛm) was a Polish science fiction‚ philosophical and satirical writer. His books have been translated into 41 languages and have sold over 27 million copies. He is perhaps best known as the author of Solaris‚ which has twice been made into a feature film. In 1976‚ Theodore Sturgeon claimed that Lem was the most widely read science-fiction writer in the world. His works explore philosophical themes; speculation on technology‚ the nature of intelligence‚ the impossibility
Premium
Simple machines are extremely important to everyday life. They make stuff that is normally difficult a piece of cake. There are several types of simple machines. The first simple machine is a lever. A lever consists of a fulcrum‚ load‚ and effort force. A fulcrum is the support. The placing of the fulcrum changes the amount of force and distance it will take in order to move an object. The load is the applied force. The effort force is the force applied on the opposite side of the load
Premium Mechanical advantage
Simple Machine Joemarie A. Martinez 1-D CE Simple machine Simple machines make work easier by multiplying‚ reducing‚ or changing the direction of a force. The scientific formula for work is w = f x d‚ or‚ work is equal to force multiplied by distance. Simple machines cannot change the amount of work done‚ but they can reduce the effort force that is required to do the work! As you can see by this formula‚ if the effort force is reduced‚ distance is increased. These simple machines fall
Premium Mechanical advantage Force
character made by a Japanese cartoonist. Doraemon is a robot comes from the future and has many great machines with various wonderful functions in his pocket. As an ordinary people‚ there are many things I regretted in the past‚ so that I need one of Doraemon’s machines‚ which is called ‘Time Machine’. By using this time machine‚ I can go back to the past to correct my repented mistakes. The time machine does not only function to bring us to the past‚ but it can also bring us to the future. Hence‚ besides
Premium Time travel Future Time
Title: Trurl’s Machine Author: Stanislaw Lem As a boy Stanislaw Lem showed an early interest in science as well as in the imaginary worlds of fantasy and science fiction. The young Lem’s interest in tinkering mechanical devices of all sorts was put to use by secretly damaging the German vehicles during the Nazi occupation. Later on‚ he became a full time writer establishing himself as leading science fiction writer in Eastern Europe. This writer from Lvov Poland (now Ukraine) worked on serious
Premium Science fiction Communist state Communism