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Free research papers and essays on topics related to: neutral

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• A Risk Neutral Framework For The Pricing Of Credit Derivatives - 1,476 words
A Risk Neutral Framework For The Pricing Of Credit Derivatives 1. INTRODUCTION Considerable research effort has gone into Credit Derivatives since the early 1990s. The roots of credit derivatives can be traced back to the notion that the credit risk of a firm can be captured by the credit rating ascribed to it. This premise is also the cornerstone of loan pricing and credit risk management models the world over, including J.P. Morgans CreditMetricsTM. Empirical research enables the predictability of the event of default as well as the Loss in the Event of Default (LIED). This information is expressed in terms of a transition matrix - a matrix that traces out the probabilities the migration o ...
Related: credit, credit risk, derivatives, framework, neutral, pricing, risk management
• A Risk Neutral Framework For The Pricing Of Credit Derivatives - 1,578 words
... A or B (6) The probabilities of transition from period 2 to period 3 are obtained as: {RN}02 {RN}23 = {RN}03 Where {RN}ij is the risk-neutral transition matrix from period i to period j Thus, {RN}23 = {RN}-102 {RN}03 Table -6 shows the risk neutral probabilities of transition from period 2 to period 3. From this table, it can be seen that P (F / EA ) = 0.074 and P (F / EB ) = 0.176. In addition, we know that P(EA) = 0.181 and P(EB) = 0.530 (refer Table -5a). Thus, the risk-neutral probability that Rs. 100 is received in period 3 is 0.074 x 0.181 + 0.176 x 0.530 = 0.107 The value of the derivative is obtained as 20.76 Table-6 Risk neutral probabilities of transition from period 2 to perio ...
Related: credit, credit risk, derivatives, framework, neutral, pricing, rate risk
• Governments, Including The Government Of The United States, Are Not Neutral They - 841 words
Governments, including the government of the United States, are not neutral. They represent dominant economic interests and their constitutions are intended to serve these interests. The Constitution of the United States is the central instrument of American government and supreme law of the land. For 200 years, it has guided the evolution of governmental institutions and has provided the basis for political stability, economic growth and social progress. It is almost universally agreed that the delegates to the Constitutional Convention drafted an amazing document. However, this does not mean that those drafting the Constitution completely put aside all economic and sectional interests. In ...
Related: american government, central government, federal government, neutral, great compromise
• If The Foetus Is Not A Person, Does It Follow That Abortion Is Morally Neutral - 1,049 words
If The Foetus Is Not A Person, Does It Follow That Abortion Is Morally Neutral? One reason the debate about abortion goes nowhere is that each side focuses on a different topic. We make no progress because we are not talking about the same thing. The pro-abortionist focuses on a woman's rights and life, and the anti-abortionist focuses on a foetus' rights, and protecting its life. There is actually much agreement between the opposing views. Most on both sides would agree that the life of a child is a precious thing that deserves full protection of the law. There might be nearly universal agreement that it is a woman's exclusive right to make decisions concerning her body. So where's the disa ...
Related: abortion, foetus, morally, neutral, significant difference
• The Effects Of Color On Personality And Relationships - 1,051 words
... nditioned to gold over a period of time. Gold strengthens all fields of the body and spirit. Black: is a color that is not used very often but it will help bring a patient to a state of grace. It will help them reach the silence and the peace of God. For example, women are more aware of color and prefer red to blue while men prefer blue to red. Elderly people have a significant preference for light colors over darker ones. People with schizophrenia tend to prefer neutral colors such as white, black, brown, and gray. People with bipolar disorder and mentally healthy individuals tend to prefer chromatic hues such as red, yellow, green and blue. Red and yellow aren't the only warm colors; n ...
Related: human personality, personality, relationships, medical profession, bipolar disorder
• A Farewell To Arms By Ernest Hemingway 1899 1961 - 1,322 words
A Farewell to Arms by Ernest Hemingway (1899 - 1961) A Farewell to Arms by Ernest Hemingway (1899 - 1961) Type of Work: Psychological realism Setting Italy and Switzerland; World War I Principal Characters Fyederic Henry, an American in the Italian army Catiteritte Barkley, a British nurse Rinaldi, an Italian surgeon and Frederic's friend Miss Ferguson, a British nurse and Catherine's friend Story Overveiw Lieutenant Frederic Henry, a handsome young American, had returned from leave in southern Italy to the front, where he served in the Italian ambulance corps. The war was still leaning toward victory for the Italians. During dinner, Lieutenant Rinaldi, Frederic's jovial surgeon friend needl ...
Related: a farewell to arms, ernest, ernest hemingway, farewell, farewell to arms, hemingway
• A Little Old Sunday Drive - 312 words
A Little Old Sunday Drive It was a Sunday morning-- crystal clear skies, sun blazing, just screaming for a drive in my baby. I walked into the my garage, filled with paraphernalia of my car: posters, signs, banners, anything you could think of just to give my car the half of the glorious splendor, justice and pride it demanded. Slowly, I unlocked the door, and slid into the soft, comfortable leather seats straight from Italy. Finally, the moment arrived when I turned on the ignition and the V-8, iron block, water cooled Cobra Jet engine complete with 3 inch h-pipe dual flowmaster exhausts, nitrous kit, and Paxton supercharger exploded with power and prestige. Pressing the clutch down I threw ...
Related: sunday, sunday morning, ford mustang, shelby, maximum
• A Portrait Of A Young Man - 765 words
A Portrait Of A Young Man A Portrait of a Young Man. 2 Portrait of a Young Man was painted by Angolo Bronzino between the years of 1503-1572. The portrait is 37 5/8 by 29 inches and is an oil on wood( Metropolitan Museum of Art, 1999). I picked this painting because of the self assurance, at first glance, of the young man that is depicted. This appealed to me because it reflected my own attitude. After studying the portrait for a considerable amount of time I began to see possible sadness or self-doubt in the young mans face that betrays his powerful stance. I felt a connection to the young man, knowing all too well what it was like to present a powerful outside image while knowing there wa ...
Related: portrait, left hand, metropolitan museum, the monster, contrast
• A Postmodern Age - 1,398 words
... t is the idea that areas of existence and culture can be separated from, that is abstracted out of, other areas of existence and culture. In addition, we tend to form social groups that are largely based on abstractions (corporations, nations, economic classes, religious preferences, race (which is really an abstract rather than a physical or biological category or relationship), sexual preferences, etc.). As a result, membership in social groups tends to be unstable and transitory as one can easily move between social groups. This, again, creates a high sense of anxiety and tension; this anxiety results, on the one hand, in attempts within these abstract groups to define and redefine th ...
Related: postmodern, social life, media images, popular culture, ties
• A Report On The Novel 1984, By George Orwell - 991 words
A Report on the novel 1984, by George Orwell The Importance of 1984 1984 was a very important book. First, it helped show where communism was headed, and helped create repulsion towards Communism. Before this book (and Animal Farm) a lot of people thought Communism was a good thing. The major mainstream generally neutral about it, but this book really opened up and showed what a bad idea it was, because it showed where communism was headed, not a place where everyone was equal, but a place that was once that and evolved into a horrible totalitarian government that could never be toppled. Second, I'm not sure whether this book could last for years for generations to enjoy. Although I hope it ...
Related: george orwell, orwell, big brother, european countries, mainstream
• A Touch Of Elegance - 1,997 words
A Touch Of Elegance "What is needed in order to really become a star is an extra element which God gives you or doesn't give you. You're born with it. You cannot learn it. God kissed Audrey Hepburn on the cheek and there she was" (Harris 11). Seen as an angel by all those who adored her, Audrey Hepburn portrayed the true image of a Hollywood star. Her grace and elegance touched all those whom she met and her death brought sorrow to millions. Living her life as a princess, Audrey had everything she had ever dreamed of. But her journey to such an end was not easy. Living through the devastation of World War II was only one of the many struggles and triumphs Audrey had to face throughout her li ...
Related: formal education, latin america, real world, purple, learner
• Acid Rain - 1,013 words
Acid Rain Acid Rain (The Environmental Effects) My first question is , What is Acid Rain? You hear about it all the time in the news and it is very important to the earths ecosystem. In simple terms, acid rain is rain that is more acidic than normal. All objects in nature have a certain level of acicicity but acid rain has too much acid in it. Acid rain is a complicated problem, caused by air pollution. Acid rain's spread and damage involves weather, chemistry, soil, and the life cycles of plants and animals on the land and from acid rain in the water. Acidity is measured using a pH scale, with the number 7 being neutral. Therefore, a body with a pH value of less than 7 is acidic. On the oth ...
Related: acid, acid rain, rain, air pollution, new england
• Acid Rain - 380 words
Acid Rain Acid Rain is caused by pollution containing sulfur dioxide, nitrogen oxide, and ozone ( SO, NOx, and O ) is released into the air. These chemicals are absorbed into clouds and results in Acid Presipitation ( Acid Rain, Acid Snow, Acid Hail, Acid Sleet ). When the chemicals aren't absorbed into clouds, they can drift for miles and fall to the ground, resulting in Acid Deposition, or dry deposition. When Acid Rain falls into water it is mixed in with the normal water and causes the pH of the entire body to be raised. Measurments on the pH ( potential Hydrogen ) scale, rise exponentialy, thus, a lake with a pH of 4 is ten times as acidic as a lake with a pH of 5, and a lake with a pH ...
Related: acid, acid rain, rain, different types, drift
• Acid Rain - 1,774 words
Acid Rain What is acid rain? Acid rain is the term for pollution caused when sulfur and nitrogen dioxides combine with atmospheric moisture. The term 'acid rain' is slightly misleading, and would be more accurate if deemed 'enhanced acid rain', as rain occurs acidic naturally. Acidity is measured on what is know as the pH scale. Fourteen is the most basic, seven is the most neutral, and zero is the most acidic. Pure rain has a pH level of 7, which is exactly neutral. The acidity of rain is determined by the pH of pure water in reaction with atmospheric concentrations of carbon dioxide, resulting in carbonic acid. These particles partly dissociate to produce hydrogen ions and bicarbonate ions ...
Related: acid, acid rain, rain, electric utilities, major change
• Acid Rain And North America - 1,891 words
Acid Rain And North America In the past century, one of the greatest threats to North America's aquatic ecosystem has been the widespread acidification of hundreds of thousands of waterways. Acid rain has effected plant and animal life within aquatic ecosystems, as well as microbiologic activity by affecting the rates of decomposition and the accumulation of organic matter. What causes this poisonous rain, and what can be done to improve North America's water quality and prevent future catastrophes? To answer these questions, we must first examine the cause and formation of acid rain, as well as understand ways to decrease or prevent its formation. Formation of acid rain. Acid deposition, mo ...
Related: acid, acid rain, america, north america, rain
• Acid Rains - 540 words
Acid Rains Acid rain refers to all types of precipitation--rain, snow, sleet, hail, fog--that is acidic in nature. Acidic means that these forms of water have a pH lower than the 5.6 average of rainwater. Acid rain kills aquatic life, trees, crops and other vegetation, damages buildings and monuments, corrodes copper and lead piping, damages such man-made things as automobiles, reduces soil fertility and can cause toxic metals to leach into underground drinking water sources. Rain is naturally acidic because carbon dioxide, found normally in the earth's atmosphere, reacts with water to form carbonic acid. While "pure" rain's acidity is pH 5.6-5.7, actual pH readings vary from place to place ...
Related: acid, acid rain, carbon dioxide, bodies of water, dioxide
• Affirmative Action In Florida - 1,694 words
... of \$3 million. These innovations will hopefully encourage more minorities to apply for certification. Once certification is no longer an issue, the task of building relationships between procuring agents and minority businesses must be addressed. One major problem that Bush sees is that much of Florida's state business is done as a result of long-standing relationships between State procurement agents and vendors, minority businesses often find it difficult to 7 break in(Equity in Contracting). Seeing as the bulk of the minority population and its businesses are located in South Florida, ONE FLORIDA proposes that by moving the Office to the Department of Management Services, where the ma ...
Related: action plan, affirmative, affirmative action, florida, florida state, florida supreme court, south florida
• Akia Rice Company - 863 words
Akia Rice Company Business and economic conditions Slide: ** Akia Rice Company is specialty food retailer The Akai Rice Companys primary source of revenue comes from selling its only product to Chinese Speaking individuals in the Los Angeles area. In fact, Akai Rice Company has three primary business functions: importer, packaging, and retailer. Since no revenue is realized from importing its product, nor from packaging its own product, the Akia company for purposes here will be classified as a Specialty Foods Retailer. ** Keen competition in Specialty foods market. It is competing against the many other similar companies that import or grow, package, and sell specialty rice from around the ...
Related: rice, business functions, wild oats, department of agriculture, angeles
• American Beauty - 1,640 words
American Beauty The Color Red The beauty that addresses itself to the eyes is only the spell of the moment; the eye of the body is not always that of the soul. George Sand hit the nail right on the head when he said this in 1872. Appearance versus reality has been a central theme in many American creative works including the film American Beauty. American Beauty is a film that delves into your typical, middle-class suburban American home and slowly uncovers all of the abnormalities that lie within. The family is portrayed as normal but as the films tag line suggests look closer then it is possible to fully understand the implications that takes place in this seemingly happy home. The film is ...
Related: american, american beauty, american culture, american home, american ideal
• Animal Cruelty - 1,038 words
... to determine what constitutes a lethal dose of a particular substance. The test spans a time period from two weeks to sever years, depending on the amount of toxic chemicals in the product being tested. The animals are observed daily. Since chemicals are bitter-tasting and have an unpleasant smell, animals refuse to swallow them. The animals are then forced to swallow the substances in the form of capsules or pellets. they are also force-fed liquid chemicals by stomach tube, or through a hole cut in the animal's throat. Some animals die from the sheer bulk of the dosage administered or from the severe burns they Albrecht 7 receive in the throat and stomach from the chemicals used in pro ...
Related: animal cells, animal cruelty, animal testing, cruelty, estee lauder
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