0) r AV\5 ~t-r tc~1 J ACT 4000‚ FINAL EXAMINATION ADVANCED ACTUARIAL TOPICS APRIL 24‚ 2007 9:00AM - 11:OOAM University Centre RM 210- 224 (Seats 266- 304) Instructor: Hal W. Pedersen You have 120 minutes to complete this examination. When the invigilator instructs you to stop writing you must do so immediately. If you do not abide by this instruction you will be penalised. Each question is worth 10 points. If the question has multiple parts‚ the parts are equally weighted
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Question 1: Consider an option on dividend-paying stock when stock price $30‚ the exercise price is $29‚ the risk-free interest rate is 5% p.a.‚ the volatility is 25%p.a. and time to maturity is 4 months. Assume that the stock is due to go ex-dividend in 1.5 months. The expected dividend is 50cents. a. b. c. what is the price of the option if it is a European call? What is the price of the option if it is a European put? Use the results in the Appendix to this chapter to determine whether there
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DOES MARK AND SPENCER HAVE A FUTURE? In the second of our series of articles on leading British companies‚ we look at the recent woes of the country’s most famous retailer The country’s most famous retailer MARKS & SPENCER’S big store in London’s Kensington High Street has just had a re-fit. Instead of the usual drab M&S interior‚ it is now Californian shopping mall meets modernist chrome and creamy marble floors. Roomy walkways and designer displays have replaced dreary row after row of clothes
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Case Study on Carl Robins Carolyn Joel COMM/215 July 28‚ 2014 Dr. Yolanda Orizando-Harding Case Study on Carl Robins BACKGROUND INTRODUCTION This case study pertains to an employee by the name of Carl Robins. He has been employed by ABC‚ Inc as a Campus Recruiter for six months. In early April‚ during Mr. Robins first six months of employment; he successfully recruited 15 new hires. The new trainees were to report to Monica Carrolls‚ the Operations Supervisor‚ as they would be working
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Stock Options Paper Stock options are a great incentive to get good‚ smart‚ and ambitious workers. You look at Coke and Pepsi they offer there delivery drivers‚ and there salesmen stock options to give them that incentive to sell and delivers those goods. What exactly are stock options is a question many people may ask. Stock options are when a company gives you the right to buy a certain number of shares at an agreed upon price that the employer specifics. Private and public companies
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beliefs and maintain the status within his society. Okonkwo loses his self-trying to go behind what he believes is right but ends
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thorough information regarding the career options for a psychology major. Please include at least three different subfields and the requirements that the graduate would have to complete in order to be eligible. Psychology is the study of behavior and mental processes of human beings and animals. Psychology does not only concentrate on one subject matter—instead‚ it is much more ubiquitous. Though the process of researching some of the many career options for a psychology major may seem overwhelming
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The final principle‚ number six‚ is based on the idea of leadership. Throughout the book Failure is Not an Option‚ Blankstein reiterates time and time again the importance of encouraging all teachers to find a leadership role within the school. Whether this is in a small or large way it still allows teachers to feel a sense of ownership within the building and to feel a sense of accomplishment because they are the expert on a particular topic. Furthermore‚ by focusing on leadership‚ the values
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Few factors have as much impact on an athlete’s performance as what they put into their body; their diet. While the human body is surprisingly tolerant to an unfavorable diet‚ which explains how we are surviving the mass availability of toxic foods‚ an athlete’s requirement is far different. The same concept applies to automobiles: the higher performance the engine‚ the higher quality fuel‚ or more octane‚ the car needs. Use lower quality gasoline‚ and the car will experience lower gas mileage‚ reduced
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calculate the per-movie value of the sequel rights to the entire portfolio of 99 movies released in 1989 by the six major studios. 5. Assume that a maximum of ten sequels can be made in any given year. Using the same decision-tree approach‚ what would you estimate to be the per-movie value of the sequel rights to the entire portfolio of 99 movies released in 1989 by the six major studios? 6. Using the Black-Scholes approach‚ calculate the per-movie value of the sequel rights to the entire
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