MATH 1003 Calculus and Linear Algebra (Lecture 1) Albert Ku HKUST Mathematics Department Albert Ku (HKUST) MATH 1003 1 / 18 Outline 1 About MATH 1003 2 Mathematics of Finance 3 Simple Interest Albert Ku (HKUST) MATH 1003 2 / 18 About MATH 1003 About MATH 1003 Lecturer: Albert Ku (Office: Rm 3492. E-mail: maybku@ust.hk) Teaching assistant: Dy Chun Yin‚ Li Xing‚ Lau Hing Sang and Wong Kwok Pang Office hours at Learning Commons: Fri 10:00-noon Textbook:
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the value will be 12‚500 times the index with a strike price of 700 therefore providing protection against a drop in the value of the portfolio below $8.75 million. Each contract is on 100 times the index‚ a total of 125 contracts would be required. 15.2) "Once we know how to value options on a stock paying a dividend yield‚ we know how to value options on stock indices and currencies." Explain this statement. A stock index is similar to a stock paying a dividend yield‚ only if the dividend yield
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Investment Banking in 2008 Group Report 1. Failure Analysis: Identify the major factors that contributed to Bear Stearns’s failure? Who stood to benefit from its implosion? How did Bear Stearns’s collapse differ from the ‘Long Term Capital Management’ failure a decade earlier? What could Bear Stearns have done differently to avoid this fate? In the early 2000’s? And during the summer of 2007? And during the week of March 10‚ 2008? (1) Identify
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Kamprad formed during the early years of IKEA and drove its expansion efforts. His non-conformist ways gave him freedom to focus and innovate on all facets of distribution. His obsession with low prices‚ led to an unwavering focus on keeping costs low. He developed strong reciprocal relationships with his suppliers‚ such that they could be assured he would purchase whatever they produced. IKEA’s culture has evolved step-by-step and is seen by those within IKEA as being the cornerstone of its operations
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2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income Statement 2008 2009 Sales $190‚119 $231‚840 Cost of goods sold 96‚952 122‚418 Selling & administrative 19‚067 24‚886 Depreciation 27‚370 30‚936 EBIT $46‚730 $53‚600 Interest 5‚950 6‚820 EBT $40‚780 $46‚780 Taxes (20%) 8‚156 9‚356 Net income $32‚624 $37‚424 Dividends $16
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Determinants of Dividend Payout Ratios-A Study of Indian Information Technology Sector Kanwal Anil Jaypee Business School‚ Noida‚ India Sujata Kapoor Institute of Management Studies‚ Ghaziabad‚ India Abstract Profitability has always been considered as a primary indicator of dividend payout ratio. There are numerous other factors other than profitability also that affect dividend decisions of an organization namely cash flows‚ corporate tax‚ sales growth and market to book value ratio. Available
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downtime from 18% to 4%‚ while customer complaints also fell by 60%. By 1989‚ FPL was recognized as "one of the best-managed U.S. corporations." Despite the progress in quality‚ FPL was still dealing with problems: Colonial Penn was losing money‚ there were safety concerns about a particular nuclear plant‚ and demand was growing faster than capacity. In 1989‚ James Broadhead succeeded Chairman Marshall McDonald. Broadhead placed an emphasis on commitment to quality and customer service‚ increasing
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What information does the cash flow statement provide that you cannot see in the other financial statements (income statement‚ balance sheet‚ owner’s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different for investors? The cash flow statement reports a company’s inflow and outflow of cash. While an income statement provides the information about whether or not a company made a profit‚ a cash flow statement
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Explain the effect terms in a contract. Implied terms are not stated in a contract but are introduced in a contract by a statute. 1. The handset will correspond with description supplied at the time of sale. This is an implied term by the sales of good act as it has to correspond with the description on the box. Also statute would protect the customer and it should be what is said on the box. The sales of good act states where there is a sale of good by description there is an implied
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its own. b. When the sister came out and told the brother that supper was ready and the saw looked as if it “leaped” out of the boys hand‚ it seemed as if the saw was a friend of the boy that did not want to be abandoned‚ so it pulled away from the boy in anger‚ causing injury to the boy. The saw and the boy were in essence “friends” because of the time they spent together sawing firewood‚ and when faced with the boy leaving was upset. 2. What do you make of the people who surround the
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