of a stock is $50. The stock pays a dividend of $5 in 3 months. A 6-month European put option on the stock has a strike price of $48 and a premium of $4.38. The continuously compounded interest rate is 8%. Calculate the premium for a 6-month European call option on the stock with a strike price of $48. * A 1.02 * B 3.36 * C 3.46 * D 4.38 * E 5.40 2 1. An "exchange call option" gives the owner of the option the right to give up one share of Stock A in exchange for receiving
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The Columbian Exchange was a widespread exchange of animals‚ plants‚ culture‚ human populations (including slaves)‚ communicable disease‚ technology and ideas between the American and Afro-Eurasian hemispheres following the voyage to the Americas by Christopher Columbus in 1492.[1]:163 The term was coined in 1972 by Alfred W. Crosby‚ a historian at the University of Texas at Austin‚ in his eponymous work of environmental history.[2][3]:27 The contact between the two areas circulated a wide variety
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Transportation Machines were Improved the Most between World War One and World War Two? During World War One‚ tanks‚ guns‚ chemical weapons‚ bombs‚ airplanes‚ ships‚ submarines and grenades were used to kill. A lot of these weapons and machines were difficult to use‚ really easy to destroy‚ too heavy‚ didn’t last too long‚ not accurate enough‚ and didn’t shoot too far. The weapons and Transportation machines were improved in World War Two to make it easier to kill; therefore soldiers would kill more of the
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In this essay I will compare and contrast two ancient head sculptures. The first is a female head (Inanna) from Uruk‚ (modern Warka) Iraq. The artist is not very sure about the head that belongs to Inanna. The marble head dates back to c.a. 3200-3000 BCE‚ and is comprised of marble. The second image is the head of an Akkadian ruler‚ from Nineveh (modern Kuyunjik)‚ Iraq‚ c.a. 2250-2200 BC‚ and is constructed of copper. Both the sculptures contain very distinctive artistic features and were constructed
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Journal Four For Journal Four I am going to use Katherine O. Seelye’s lurid Numbers on Glossy Pages! (Magazines exploit what sells) and Peter Stiglin’s Seeing as believing: The Paintings of Judith Belzer. I am going to compare and contrast the views and writing styles of these two readings. Katharine talks about the celebrity magazines and other magazines read by the younger generations. Her article involves the influence of these magazines on ordinary people. She talks about how the editors are
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DAYCARE Compare two studies of day-care There are two main studies showing the effect of day-care on attachment‚ cognitive and social development. Belksy and Rovine (USA 1988) investigated the effects of non-maternal care on attachment types whereas Andersson (1992) investigated whether day-care has a significant effect on the cognitive and social development of middle-class children. A strength of these studies is that both of them are likely to have accurate results due to their large samples;
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IDENTIFYING CORE COMPETENCIES FOR ELECTRONIC RESOURCES LIBRARIANS IN THE TWENTY-FIRST CENTURY LIBRARY A DISSERTATION SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN THE GRADUATE SCHOOL OF THE TEXAS WOMAN‘S UNIVERSITY COLLEGE OF PROFESSIONAL EDUCATION BY SARAH W. SUTTON‚ M.L.S. DENTON‚ TEXAS MAY 2011 TEXAS WOMAN‘S UNIVERSITY DENTON‚ TEXAS December 3‚ 2010 To the Dean of the Graduate School: I am submitting herewith a dissertation written
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Assignment7 - Identify major features of the latest two CEPAs and comment on their possible impacts. The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) is the first free trade agreement ever concluded by the Mainland of China and Hong Kong since 2003. CEPA opens up huge markets for Hong Kong goods and services‚ greatly enhancing the already close economic cooperation and integration between the Mainland and Hong Kong. It is also a win-win agreement‚ bringing new business
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INTRODUCTION 3 Definition 3 FOREIGN EXCHANGE MARKET OVERVIEW 3 Characteristics of Foreign Exchange Market 5 FOREIGN EXCHANGE RISKS 6 Accounting Risk 6 Transaction Risk 6 Profitability Risk 6 DETERMINANTS OF EXCHANGE RATE 6 Inflation 6 Interest Rates 7 Current-Account Deficits 7 PARTICIPANTS IN FOREIGN EXCHANGE MARKET 7 Customers 8 Commercial Banks 8 Exchange Brokers 8 Overseas Forex Market 8 Speculators 9 ROLE OF SBP IN FOREIGN EXCHANGE MARKET 9 To manage the exchange rate mechanism 9 Regulate inter-bank
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Bill of exchange A bill of exchange or "draft" is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque (check in American English)‚ defined as a bill of exchange drawn on a banker and payable on demand. Bills of exchange are used primarily in international trade‚ and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. Prior to the advent of paper currency‚ bills of exchange were a common
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