Business and Economics University of Hong Kong Chapter 6 Pricing and valuation for derivatives Copyright © 2013 by School of Economics and Finance‚ University of Hong Kong All content in this document (the “Content”) is the property of the School of Economics and Finance‚ University of Hong Kong (the “Publisher”) and is protected by copyright and other intellectual property laws. You may print or download Content for your own personal‚ non-commercial use. You may not distribute‚ modify‚ publish‚
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1. Analysis and investment recommendation According to Frino et al (2013)‚ both Mean-Variance and CAPM are based on the assumptions that returns are normally distributed. However‚ both of the two approaches are unstable and untenable to some extent then they also followed with many critiques and queries from the publicity. Here are some rational and underlying assumptions as follows. 2.1 Rationale and underlying assumptions of MV and CAPM approaches The total risk with a security has
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3/11/10 Unethical Issues in the Banking Industry Ethical issues in banking are currently receiving a great deal of attention‚ and those who manage these organizations seem to be under constant public scrutiny. This paper presents and discusses the certain ethical issues and concerns with banking managers. Suggestions for enhancing the degree of ethicalness in organizational practices and decision behaviors’ have also been attempted. Ethical issues in banking and financial service organizations
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uses your information to ensure that your information is safe against unauthorized uses (Privacy Rights Clearinghouse). For the banking industry‚ identity theft is a growing concern for customer privacy. Identity theft can occur anywhere including the internet. The technology of online banking is constantly growing and is being recognized globally. Online banking is very important for banks because it is a helpful tool used to provide better customer service and enhance efficiency on the bank’s
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12. 5. Hand in your coursework to the student office on or 6. before the deadline and retain the receipt as proof of submission. Section A: Essay Questions (50%) Question 1: Discuss whether the Arbitrage Pricing Model is a better model than the Capital Asset Pricing Model in estimating a security’s expected return. Question 2: Do financial instrument traded in the money markets and the capital markets have the same characteristics? Give examples to explain. Question 3:
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Case Exercise – Polo Golf Shirt Pricing: Solution. The given table is completed as below: Quantity Price Total Revenue Marginal Revenue Variable Cost/Unit Total Variable Cost Price Reduction Marginal Profit/Unit Cumm. Marginal Profit 0 $50 $0 $0 $28 $0 1 $48 $48 $48 $28 $28 ($2.00) $20 $20 2 $46 $92 $44 $28 $56 ($2.00) $16 $36 3 $45 $135 $43 $28 $84 ($1.00) $15 $51 4 $44 $176 $41 $28 $112 ($1.00) $13 $64 5 $42 $210 $34 $28 $140 ($2.00) $6 $70 6 $40 $240
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International Research Journal of Finance and Economics ISSN 1450-2887 Issue 4 (2006) © EuroJournals Publishing‚ Inc. 2006 http://www.eurojournals.com/finance.htm Testing the Capital Asset Pricing Model (CAPM): The Case of the Emerging Greek Securities Market Grigoris Michailidis University of Macedonia‚ Economic and Social Sciences Department of Applied Informatics Thessaloniki‚ Greece E-mail: mgrigori@uom.gr Tel: 00302310891889 Stavros Tsopoglou University of Macedonia‚ Economic and Social
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Table of Contents Introduction For this week’s case we take a look at the difficulties the company Desko is facing with its order process. Desko is an American company which produces office furniture. Desko does not only produce its products but also delivers them to their American and Canadian customers. After having received cancellations from a major customer Desko decided to further analyze its order process in order to improve this. We will draw a map of its order process and
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McKinsey found that an unhappy customer tells between 9-15 people about their experience. In fact‚ 13% of unhappy customers tell over 20 people about their experience [8]. Giving Feedback by asking for it first: Wendy Wise worked for the Strategic Pricing Group‚ a little‚ developing counseling bunch. It was a quick paced culture‚ in which individuals were frequently extended and desires were high. In view of the fast development‚ individuals were elevated rapidly and anticipated that would have the
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Articles/Knowledge Sharing » General » A Model Questionnaire On Customer Satisfaction in Banking Service Posted Date: 20 May 2010 | Resource Type: Articles/Knowledge Sharing | Category: General | Author: k. senthamilarasu | Member Level: Silver | | Rating: | Points: 10 (Rs 5) | | | This is model questionnaire on customer satisfaction in banking service. | | A survey On Customer Satisfaction In Banking Services 1. Name : 2. Address : 3. Occupation : 4. Annual Income
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