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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Robert Frost’s "The telephone" is a poem about an individual’s interpretation of a telephone conversation with another. The speaker in the poem talks about a meeting with the same person that had happened in the past showing that there is some history and that this is a sequel to another conversation. We see constant misconceptions between both people‚ and in this respect it is a sort of rebirth and a sort of familiarity between the speaker and the person on the corresponding end. Through the poem
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How We Make a Telephone Call 1. A Formal Telephone Call A: Hello‚ is this PSU Surathani Campus? B: Yes‚ that’s right A: Could I speak to Mr. Anan‚ please B: Yes‚ who’s speaking‚ please? A: My name is Thomas Smith B: Just a moment please‚ Mr. Smith A: Thank you 2. A Wrong Number A: Hello‚ Is Mr. Smith there‚ please? B: I’m very sorry there is no Mr. Smith here. You probably dialed the wrong number A: Is this 573-1253 B: No‚ this is 573-1235 A: I am very
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I feel extremely responsible for the horrid tragedy of what had happened to that young lady. On the other hand at the time it took place I was in a furious temper; you see it didn’t seem so bad at the time because I lost all sense of what was right and let anger and jealousy fill me up to the direst spitefulness. I mean she did look very pretty and she looked like she could take a horrible comment. However now it is too late! I cannot even go back to say‚ “sorry Eva Smith”‚ never mind helping
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The First Phone Call from Heaven The first phone call from heaven tells the story of a small town called Coldwater‚ Michigan. The story begins when one Friday a number of people started receiving a call from their loved ones who have already died saying that life after death is wonderful‚ that they are happy in heaven . Tess is contacted by her mother whom she had nursed during her illness‚ Katherine received a call from her sister to whom she had been so close until her death from an aneurysm
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1. Suppose you are working as an operator in a call centre in India and receiving calls from Americans and Londoners. How would you handle such calls? Ans: As an operator first thing which I would try and ask politely would be that what is the route cause of the problem of the customer and would try and give time for explaining or removing out the frustration after which the customer would then have patience in listening to what we would try and explain. As an operator I would rectify the problem
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The Constable Calls By Seamus Heaney A Constable Calls is the second in a sequence of six poems entitled ’Singing School’ which concludes Heaney’s fourth collection ’North’ (1975). The poem is a vivid description of an incident from the poet’s childhood - a policeman making an official visit to his father’s farm at Mossbawn to record tillage returns. There is something grotesquely bizarre about an armed representative of the law travelling by bicycle around the Ulster countryside to record agricultural
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Abstract—A telephone based wireless system for the remote operation of the home appliances is proposed. The telephone‚ acting as a remote controller‚ generates a DTMF signal corresponding to each dialed digit which is converted to a BCD code by the Telephone interface circuit. This is given as input to the transmitter module which is then used to control various home appliances through a receiver module. Data processing stages of the transmitter and receiver modules have been implemented
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Telephone systems play a very important role in the modern workplace. Telephone systems give individuals the ability to communicate and share information. During the early years of telephones‚ there was a limited amount of functions that could be used. In the modern workplace‚ there are many more functions that telephone systems are capable of. Multi-user calls‚ or conference calls‚ are now fairly standard. VOIP telephone service provides the cost saving solutions which are very helpful for making
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The Past 50 Years The history of the telephone has changed dramatically over the past 50 years. When the telephone was originally invented by Alexander Graham Bell in 1876‚ communication across a phone line was only achievable by short distances and was only used to transmit voice data. With today’s technology‚ communications can span the globe and carry voice‚ data‚ and video. The earliest phone systems used rotary technology and a manual switching system requiring human intervention. It was not
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