8.3.)An investor sells a European call option with strike price of K and maturity T and buys a put with the same strike price and maturity. Describe the investor’s position. The payoff to the investor is - max (ST - K ‚ 0) + max(K - ST‚ 0) This is K- ST in all circumstances. The investor’s position is the same as a short position in a forward contract with delivery price K. 8 .4.)Explain why brokers require margins when clients write options but not when they buy options? When an investor
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?Inspector Calls. The story of an inspector calls is set in 1912‚ although it was written in 1945; it is set the seemingly respectable town of Brumley. Living on the edge of the town is the Birling family; this consists of Mr Birling‚ Mrs Birling‚ Sheila Birling and Eric birling. At the beginning of the play the family is having a small meal to celebrate the engagement of Gerald Croft and Sheila‚ The Story starts as the Birling family is having a meal when unexpectedly an inspector rings at
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St Patricks College 2013 ‘An Inspector Calls’ Ms. Galvin Lindsay Kotmel Classical Literature Major – Due 01/05/2013 AN INSPECTOR CALLS BY J.B PRIESTLEY Good Evening Reading Group‚ I am Lindsay Kotmel and welcome to a seminar on ‘An Inspector Calls’ inclusion within the western canon. Some institutions such as schools‚ religion and the media determine what is considered ‘truth’ and ‘knowledge’ on a variety of issues‚ theories and concepts within society. Thus constructions arrived from culture
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To be clarinet section leader‚ it would be a privilege‚ no‚ an honor. Being the student leader would be an accomplishment for me. A section leader must stay on top of everything in their section. So if I become clarinet section leader‚ this will help me be a role model for the incoming freshmen clarinetist. My vision for next year would make sure that everyone in the clarinet section is on time to rehearsals and performances. To make sure that everyone stands on top of what they are supposed
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Chapter 3- Sections 1-4 I. The Indo – Europeans A. Indo-Europeans Migrate 1. The Indo-Europeans were a group of nomadic people who came from the steppes – dry grasslands that stretched north of the Caucasus 2. They herded sheep‚ cattle and goats and tamed horses 3. The modern languages of Europe‚ Southwest Asia‚ South Asia; English Spanish‚ Persian and Hindi all trace their origins back to different forms of the original Indo-European language 4. The Indo-Europeans began to migrate outward
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Salem telephone case 1. ”Revenue hours” represent the key activity that drives costs at Salem Data Service . Which expenses in Exhibit 2 are variable with respect to revenue hours? Which expenses are fixed with respect to revenue hours? A : Variable costs : The power‚ hourly personal. Fixed costs : The rent‚ custodial service‚ computer leases‚ maintenance‚ computer equipment‚ office equipment and fixtures‚ salaried staff‚ system development and maintenance‚ administration‚ sales promotion
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by McDougal LittelU.S. History CHAPTER 26: ³Cold War Conflicts´ ______________________________________________________ Section 1: Origins of the Cold War One Americans Story: [ no longer added] Former Allies Clash Democracy vs. Communism issueU.S. and USSR suspicion of each other:U.S. remembered the Non-Aggression Pact between Russia and GermanyStalin remembered how the U.S. ignored them when they were being attacked by Hitler Stalin learned that the U.S. had tried to keep its atomic bomb
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topic in the United States and whether children should have to get them. Everyone can have their own opinion‚ but they need to think about their children when they make decisions. Children should continue receiving vaccinations‚ so they can be better protected from the world around them. First‚ an unquestionable reason children should receive vaccinations is because it saves their lives. According to the article “Vaccine Safety” “Immunizations prevent an estimated 2.5 million deaths each year.” It is
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success. But don’t make the mistake of doing things you consider misguided or trivial. In part‚ your job is to shape your boss’s perceptions of what can and should be achieved. Aim for good marks from those whose opinions your boss respects. This is an aspect of building supportive internal coalitions. Your boss may have pre-existing relationships with people who are now your subordinates. If so‚ their assessments of you will take on additional importance. Establishing how you will work together
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“The call to adventure” deals with the experience to follow the quest that presents itself and the hero/heroine must decide whether they will embark on the journey or refuse the call. In Nineteen Eighty Four Winston’s “call to adventure” acts as his first act of rebellion. He buys a diary at Mr. Charrington’s store where he writes in it hidden out of site of the telescreens. Oceania faces a totalitarian government‚ “ The comprehensive and detailed control of all ideas‚ beliefs and statements demonstrates
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