on a non-dividend-paying stock when the stock price is $69‚ the strike price is $70‚ the risk-free interest rate is 5% per annum‚ the volatility is 35% per annum‚ and the time to maturity is six months? Question 4 A foreign currency is currently worth $1.50. The domestic and foreign risk-free interest rates are 5% and 9%‚ respectively. Calculate a lower bound for the value of a six-month call option on the currency with a strike price of $1.40 if it is (a) European and (b) American. Question
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1. SHORT TITLE. - This Act may be called the Maharashtra Recognition of Trade Unions and Prevention of Unfair Labour Practices Act‚ 1971. 2. EXTENT‚ COMMENCEMENT AND APPLICATION. - (1) This Act extends to the whole of the State of Maharashtra. (2) It shall come into force on such date as the State Government may‚ by notification in the Official Gazette‚ appoint; and different dates may be appointed for different areas and for different provision of this Act. (3) Except as otherwise
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Do you agree with the view that‚ in the years 1964-70‚ the Labour Government’s failures outweighed its successes? One of the most significant failures of the Labour government between the years 1964 and 1970 were the economic difficulties. Source 7 agrees with this very strongly as it states that they had “not got the economy right”. This could be highlighting Labour’s National Plan launched by George Brown‚ the Minister of Economic Affairs at the time‚ in 1965. The Plan aimed to stimulate industrial
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Union struggles have been an important topic for many years. Union members constantly seek more while businesses constantly seek to take more away. There have been many laws both anti and pro unions that have both had positive and negative effects. The National Industrial Recovery Act (NIRA) and the Taft-Hartley Act were two famous anti-union laws that impacted union workers in a negative way‚ and the LaGuardia and Wagner Acts were also famous union laws that were pro-union that had good results
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Options have a unique set of terminology. Define the following terms: (1) Call Option: Gives the owner the right to buy a share of stock at a fixed price‚ that is‚ the strike of exercise price. (2) Put Option: Gives the owner the right to sell a share of stock at a fixed price‚ that is‚ the strike of exercise price. (3) Strike Price or Exercise Value: The price at which the holder of an option decides to exercise the option. (4) Expiration date: This is the day after which the option cannot be
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grown men. The conditions of the workplaces were in terrible condition‚ and the owners of these industries did not provide any workers benefits. These circumstances caused tragic events and encouraged the uprising of labor unions that conducted strikes that demanded better conditions. In the documents‚ “Gospel of Wealth” and “Letter on Labor Industrial Society” these two important people discuss the uneven distribution of wealth and unfair treatment of the poor. People suffered in Industrial America
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conflicts. 1. Strike o A strike is the employees’ temporary withdrawal of services‚ contrary to an employment contract. It is a formal form of industrial conflict that is usually organized by a trade union. (Trade unions are representatives of employment that ensure that employee working conditions and earnings are managed according to rule.) During typical strikes‚ trade unions ensure that there are no alternative means of getting the services that employees have refused to provide. A strikes usually
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display of light and sound‚ they can also be extremely dangerous -- even deadly. Dangers associated with thunderstoms include lightening‚ hail‚ heavy rain‚ flooding‚ strong winds‚ and tornados. Knowing what to do before‚ during‚ and after Mother Nature strikes is key to protecting your family and home from this very real threat. Know the difference between a "watch" and a "warning." Dark‚ low rolling clouds‚ lightening‚ and thunder are the most common signs of an approaching thunderstorm. If these conditions
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INTRODUCTION: The Niger Delta cuts across three geopolitical zones of Nigeria namely; South South‚ South East and South West. It consist of nine states Rivers‚ Bayelsa‚ Akwa Ibom‚ Cross Rivers‚ Delta‚ Edo‚ Imo‚ Abia and Ondo and it is from this zone that over 90% of Nigeria’s revenue is derived‚ the citizens of the area live in abject poverty and deprivation‚ environmental hazards and threat to source of their livelihood. It was as a result of these challenges that the citizens of the area began
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Evaluation: Employee In our case‚ the Cathay Pacific Flight Attendants Union (FAU) did not satisfy with a new policy that required them to work at least 70 hours a month before they could swap shifts with colleagues and they thought this new policy had hurt their pay and lifestyle. Pay and benefits is one of the factors that affect job satisfaction of the employees and it is perhaps one of the most rewards employees would like to get in order to support their lives. So when the flight attendants
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